Shell plc (NYSE:SHEL) Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA lessened its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 80.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,925 shares of the energy company's stock after selling 28,790 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Shell were worth $434,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC increased its stake in Shell by 5.2% in the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company's stock worth $4,306,465,000 after acquiring an additional 3,255,347 shares during the last quarter. Fisher Asset Management LLC increased its stake 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 acquiring an additional 507,311 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Shell by 0.9% during the 3rd quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company's stock valued at $408,430,000 after purchasing an additional 55,637 shares during the last quarter. Mawer Investment Management Ltd. increased its position in shares of Shell by 8.7% during the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company's stock valued at $348,405,000 after purchasing an additional 422,329 shares during the last quarter. Finally, Holocene Advisors LP increased its position in shares of Shell by 29.8% during the 3rd 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. Institutional investors own 28.60% of the company's stock.

Shell Stock Up 1.1 %

Shares of SHEL stock traded up $0.74 during mid-day trading on Tuesday, hitting $67.87. The stock had a trading volume of 3,332,403 shares, compared to its average volume of 4,128,743. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The firm has a market capitalization of $207.50 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The firm's 50-day moving average is $64.61 and its two-hundred day moving average is $66.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10.

Shell (NYSE:SHEL - Get Free Report) last issued its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. On average, analysts predict that Shell plc will post 7.46 earnings per share for the current fiscal year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be paid a dividend of $0.716 per share. This is a boost from Shell's previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Friday, February 14th. Shell's dividend payout ratio is 54.78%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. UBS Group raised Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. Morgan Stanley raised Shell from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Wells Fargo & Company cut their target price on Shell from $86.00 to $82.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Piper Sandler dropped their price objective on Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. Finally, Wolfe Research upgraded Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a report on Friday, January 3rd. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $79.11.

Shell 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.