Charles Schwab Investment Management Inc. Boosts Stake in Shell plc (NYSE:SHEL)

Charles Schwab Investment Management Inc. increased its stake in Shell plc (NYSE:SHEL - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,856 shares of the energy company's stock after buying an additional 14,937 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Shell were worth $12,521,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SHEL. FMR LLC lifted its holdings in shares of Shell by 5.2% during the third quarter. FMR LLC now owns 65,298,943 shares of the energy company's stock valued at $4,306,465,000 after purchasing an additional 3,255,347 shares in the last quarter. Holocene Advisors LP raised its holdings in shares of Shell by 29.8% during the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company's stock valued at $248,870,000 after purchasing an additional 866,954 shares during the last quarter. Fisher Asset Management LLC grew its position in Shell by 2.1% in the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company's stock worth $1,617,796,000 after purchasing an additional 507,311 shares during the period. Merewether Investment Management LP lifted its holdings in Shell by 41.0% in the third quarter. Merewether Investment Management LP now owns 1,544,764 shares of the energy company's stock valued at $101,877,000 after acquiring an additional 449,000 shares during the period. Finally, SG Americas Securities LLC boosted its position in Shell by 16,663.4% in the fourth quarter. SG Americas Securities LLC now owns 307,440 shares of the energy company's stock worth $19,261,000 after purchasing an additional 305,606 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SHEL shares. UBS Group upgraded shares of Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. Wolfe Research raised Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price target for the company in a report on Friday, January 3rd. TD Securities increased their target price on shares of Shell from $81.00 to $82.00 and gave the stock a "buy" rating in a report on Wednesday, March 19th. Piper Sandler dropped their price target on shares of Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. Finally, Wells Fargo & Company dropped their price objective on Shell from $86.00 to $82.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Shell has a consensus rating of "Buy" and an average price target of $79.48.

Shell Trading Up 1.1 %

Shell stock traded up $0.76 during trading hours on Tuesday, hitting $72.04. The company had a trading volume of 7,372,730 shares, compared to its average volume of 3,964,497. The company has a 50-day moving average price of $67.17 and a two-hundred day moving average price of $66.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The firm has a market cap of $217.83 billion, a P/E ratio of 14.35, a P/E/G ratio of 0.98 and a beta of 0.47.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. On average, sell-side analysts anticipate that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were given a dividend of $0.716 per share. This is a positive change from Shell's previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 3.98%. The ex-dividend date was Friday, February 14th. Shell's dividend payout ratio is currently 56.97%.

Shell Company Profile

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.