Shell plc (NYSE:SHEL) Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas trimmed its position in shares of Shell plc (NYSE:SHEL - Free Report) by 18.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,710 shares of the energy company's stock after selling 11,800 shares during the quarter. Employees Retirement System of Texas' holdings in Shell were worth $33,023,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. FMR LLC lifted its stake in shares of Shell by 32.3% during the 4th quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock worth $5,414,036,000 after purchasing an additional 21,118,234 shares during the period. Fisher Asset Management LLC increased its stake in shares of Shell by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company's stock valued at $1,562,412,000 after acquiring an additional 408,088 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Shell by 3.1% in the fourth quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company's stock worth $500,123,000 after acquiring an additional 238,705 shares during the last quarter. Franklin Resources Inc. grew its holdings in Shell by 0.8% in the fourth quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company's stock valued at $377,352,000 after purchasing an additional 50,228 shares during the period. Finally, Jennison Associates LLC boosted its holdings in shares of Shell by 1.0% in the 4th quarter. Jennison Associates LLC now owns 3,045,043 shares of the energy company's stock valued at $190,772,000 after purchasing an additional 30,844 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company's stock.

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Shell Stock Down 5.2 %

NYSE:SHEL traded down $3.34 during mid-day trading on Thursday, reaching $60.55. The stock had a trading volume of 6,541,514 shares, compared to its average volume of 4,280,199. The stock's 50 day simple moving average is $67.77 and its two-hundred day simple moving average is $66.31. Shell plc has a 1-year low of $58.55 and a 1-year high of $74.61. The company has a market capitalization of $183.08 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 0.98 and a beta of 0.27. 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 announced its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) 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%. Equities analysts anticipate that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were issued a $0.716 dividend. This is an increase from Shell's previous quarterly dividend of $0.69. The ex-dividend date was Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.73%. Shell's dividend payout ratio (DPR) is 56.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their target price on shares of Shell from $87.00 to $83.00 and set an "overweight" rating on the stock in a report on Tuesday. Barclays reissued an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Piper Sandler dropped their target price on Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Finally, TD Securities reissued a "buy" rating on shares of Shell in a research report on Friday, April 4th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Shell has a consensus rating of "Buy" and a consensus price target of $78.98.

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.