Fmr LLC Grows Holdings in Shell plc (NYSE:SHEL)

FMR LLC increased its stake in Shell plc (NYSE:SHEL - Free Report) by 32.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 86,417,177 shares of the energy company's stock after purchasing an additional 21,118,234 shares during the quarter. FMR LLC owned approximately 2.83% of Shell worth $5,414,036,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Titleist Asset Management LLC grew its position in shares of Shell by 3.1% during the 4th quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company's stock worth $346,000 after buying an additional 164 shares in the last quarter. Rahlfs Capital LLC acquired a new position in Shell in the fourth quarter valued at approximately $320,000. Wedbush Securities Inc. increased its stake in shares of Shell by 12.3% during the fourth quarter. Wedbush Securities Inc. now owns 18,111 shares of the energy company's stock worth $1,135,000 after purchasing an additional 1,986 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in Shell by 482.3% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 25,102 shares of the energy company's stock worth $1,573,000 after purchasing an additional 20,791 shares in the last quarter. Finally, Smith Moore & CO. increased its holdings in shares of Shell by 85.0% during the 4th quarter. Smith Moore & CO. now owns 7,840 shares of the energy company's stock worth $491,000 after buying an additional 3,603 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Royal Bank of Canada reiterated an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. Piper Sandler cut their target price on shares of Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. Morgan Stanley upgraded shares of Shell from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. TD Cowen reduced their price target on shares of Shell from $82.00 to $76.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Wolfe Research raised 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 analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Shell has an average rating of "Buy" and an average price target of $78.98.

Shell Stock Performance

Shell stock traded down $3.23 during mid-day trading on Thursday, reaching $60.66. 6,541,514 shares of the company's stock were exchanged, compared to its average volume of 4,279,745. The firm has a market capitalization of $183.42 billion, a PE ratio of 12.02, a P/E/G 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 quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The business's fifty day simple moving average is $67.77 and its 200 day simple moving average is $66.31.

Shell (NYSE:SHEL - Get Free Report) last issued its earnings results 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%. On average, sell-side analysts expect that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were given a dividend of $0.716 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.72%. This is a boost from Shell's previous quarterly dividend of $0.69. Shell's dividend payout ratio (DPR) is presently 56.97%.

About Shell

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.