Shell plc (NYSE:SHEL) Shares Sold by Fayez Sarofim & Co

Fayez Sarofim & Co lessened its holdings in Shell plc (NYSE:SHEL - Free Report) by 5.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 536,986 shares of the energy company's stock after selling 33,661 shares during the period. Fayez Sarofim & Co's holdings in Shell were worth $33,642,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SHEL. Brighton Jones LLC increased its position in Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock worth $468,000 after buying an additional 2,545 shares in the last quarter. Private Advisor Group LLC increased its position in Shell by 0.9% during the 4th quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company's stock worth $2,078,000 after purchasing an additional 301 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Shell by 8.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,856 shares of the energy company's stock valued at $12,521,000 after purchasing an additional 14,937 shares during the last quarter. HF Advisory Group LLC boosted its stake in shares of Shell by 15.8% during the 4th quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company's stock worth $1,852,000 after purchasing an additional 4,028 shares during the last quarter. Finally, Lockheed Martin Investment Management Co. grew its holdings in shares of Shell by 266.1% during the fourth quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company's stock worth $7,645,000 after buying an additional 88,700 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SHEL shares. Wolfe Research upgraded shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a research report on Friday, January 3rd. Wells Fargo & Company dropped their target price on Shell from $87.00 to $83.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada restated an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. TD Securities reiterated a "buy" rating on shares of Shell in a report on Friday, April 4th. Finally, Scotiabank lowered their price objective on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $77.73.

Shell Stock Up 0.8 %

Shares of Shell stock traded up $0.52 on Tuesday, hitting $65.17. 5,534,251 shares of the company's stock traded hands, compared to its average volume of 4,304,623. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The firm's 50-day moving average is $67.22 and its 200 day moving average is $66.06. The stock has a market cap of $197.06 billion, a P/E ratio of 12.98, a PEG ratio of 0.98 and a beta of 0.27. Shell plc has a 52-week low of $58.55 and a 52-week high of $74.61.

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 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 earnings per share for the current year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were given a $0.716 dividend. This is a positive change from Shell's previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.39%. Shell's dividend payout ratio (DPR) is presently 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.