Envestnet Asset Management Inc. decreased its stake in Shell plc (NYSE:SHEL - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,041,069 shares of the energy company's stock after selling 95,242 shares during the quarter. Envestnet Asset Management Inc. owned about 0.07% of Shell worth $127,873,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Shell by 482.3% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 25,102 shares of the energy company's stock valued at $1,573,000 after purchasing an additional 20,791 shares during the period. Smith Moore & CO. raised its holdings in shares of Shell by 85.0% in the fourth quarter. Smith Moore & CO. now owns 7,840 shares of the energy company's stock valued at $491,000 after acquiring an additional 3,603 shares in the last quarter. Pitcairn Co. boosted its stake in shares of Shell by 5.1% during the fourth quarter. Pitcairn Co. now owns 47,490 shares of the energy company's stock valued at $2,975,000 after purchasing an additional 2,292 shares in the last quarter. Arete Wealth Advisors LLC increased its holdings in shares of Shell by 14.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 4,451 shares of the energy company's stock valued at $279,000 after acquiring an additional 561 shares during the period. Finally, World Investment Advisors raised its holdings in Shell by 58.5% in the fourth quarter. World Investment Advisors now owns 8,868 shares of the energy company's stock worth $556,000 after purchasing an additional 3,274 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently weighed in on SHEL. UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. Morgan Stanley upgraded Shell from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Royal Bank of Canada restated an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. Piper Sandler reduced 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, TD Securities restated 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 assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $78.98.
View Our Latest Report on SHEL
Shell Trading Up 3.1 %
Shares of SHEL stock traded up $1.86 on Friday, hitting $61.64. The stock had a trading volume of 4,902,537 shares, compared to its average volume of 4,305,115. The company's 50 day moving average price is $67.66 and its 200-day moving average price is $66.24. Shell plc has a 1 year low of $58.55 and a 1 year high of $74.61. The firm has a market capitalization of $186.38 billion, a P/E ratio of 12.28, a P/E/G 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 for the quarter, missing analysts' consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. Analysts anticipate that Shell plc will post 7.67 earnings per share for the current year.
Shell Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were issued a $0.716 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.65%. This is an increase from Shell's previous quarterly dividend of $0.69. Shell's dividend payout ratio is presently 56.97%.
About Shell
(
Free Report)
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.
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