Haven Private LLC Buys New Position in Shell plc (NYSE:SHEL)

Haven Private LLC acquired a new position in Shell plc (NYSE:SHEL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,002 shares of the energy company's stock, valued at approximately $376,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its holdings in shares of Shell by 5.2% in the third quarter. FMR LLC now owns 65,298,943 shares of the energy company's stock valued at $4,306,465,000 after buying an additional 3,255,347 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Shell by 188.0% during the third quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company's stock valued at $198,786,000 after purchasing an additional 1,967,672 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Shell in the 4th quarter valued at $91,716,000. Holocene Advisors LP increased its stake in Shell by 29.8% in the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company's stock worth $248,870,000 after purchasing an additional 866,954 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Shell by 2.1% during the third quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company's stock valued at $1,617,796,000 after buying an additional 507,311 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Up 0.0 %

SHEL stock traded up $0.02 during trading hours on Tuesday, hitting $66.81. The company's stock had a trading volume of 4,796,140 shares, compared to its average volume of 4,251,209. The company has a market capitalization of $203.18 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. The stock has a 50 day moving average price of $66.08 and a two-hundred day moving average price of $66.35. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61.

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Shell (NYSE:SHEL - Get Free Report) last posted its earnings results on Thursday, January 30th. The energy company reported $1.20 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, equities research analysts expect that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Shell's previous quarterly dividend of $0.69. Shell's dividend payout ratio (DPR) is 56.97%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SHEL shares. UBS Group upgraded shares of Shell from a "neutral" rating to a "buy" rating in a report on Wednesday, January 8th. Morgan Stanley upgraded Shell from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Wolfe Research raised Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a research report on Friday, January 3rd. Wells Fargo & Company decreased their price objective on Shell from $86.00 to $82.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Finally, 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. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Shell currently has an average rating of "Buy" and a consensus price target of $79.11.

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.