Federated Hermes Inc. Has $5.38 Million Stock Holdings in Shell plc (NYSE:SHEL)

Federated Hermes Inc. trimmed its position in Shell plc (NYSE:SHEL - Free Report) by 30.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,835 shares of the energy company's stock after selling 36,889 shares during the quarter. Federated Hermes Inc.'s holdings in Shell were worth $5,378,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. raised its position in shares of Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock worth $27,000 after purchasing an additional 400 shares during the period. CoreFirst Bank & Trust acquired a new stake in Shell in the fourth quarter worth $28,000. Human Investing LLC bought a new stake in Shell in the fourth quarter valued at $31,000. Millstone Evans Group LLC bought a new position in shares of Shell during the fourth quarter worth about $36,000. Finally, Summit Securities Group LLC increased its holdings in shares of Shell by 50.0% in the 4th quarter. Summit Securities Group LLC now owns 600 shares of the energy company's stock worth $38,000 after acquiring an additional 200 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Shell Price Performance

Shares of NYSE SHEL traded up $2.27 during midday trading on Friday, reaching $62.05. The company's stock had a trading volume of 8,668,886 shares, compared to its average volume of 4,304,407. The company has a market cap of $187.61 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 0.98 and a beta of 0.27. Shell plc has a one year low of $58.55 and a one year high of $74.61. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average price of $67.56 and a 200 day moving average price of $66.20.

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Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 EPS 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%. On average, equities research analysts expect that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were paid a dividend of $0.716 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Shell's previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a yield of 4.62%. Shell's dividend payout ratio is currently 56.97%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SHEL. Wolfe Research upgraded shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a research note on Friday, January 3rd. Barclays reaffirmed an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. UBS Group raised Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their price objective on shares of Shell from $87.00 to $83.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Scotiabank lowered their target price on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a research note on Friday. One analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $77.73.

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.