Lockheed Martin Investment Management Co. Acquires 88,700 Shares of Shell plc (NYSE:SHEL)

Lockheed Martin Investment Management Co. grew its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 266.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,030 shares of the energy company's stock after purchasing an additional 88,700 shares during the period. Lockheed Martin Investment Management Co.'s holdings in Shell were worth $7,645,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SHEL. Mather Group LLC. raised its stake in shares of Shell by 10.0% during the 4th quarter. Mather Group LLC. now owns 16,686 shares of the energy company's stock worth $1,045,000 after buying an additional 1,512 shares in the last quarter. Caas Capital Management LP grew its position in Shell by 24.1% during the fourth quarter. Caas Capital Management LP now owns 36,000 shares of the energy company's stock worth $2,255,000 after buying an additional 7,000 shares during the period. Jennison Associates LLC grew its holdings in shares of Shell by 1.0% in the 4th quarter. Jennison Associates LLC now owns 3,045,043 shares of the energy company's stock worth $190,772,000 after acquiring an additional 30,844 shares during the period. Catalina Capital Group LLC increased its position in shares of Shell by 6.7% in the fourth quarter. Catalina Capital Group LLC now owns 14,015 shares of the energy company's stock valued at $878,000 after buying an additional 876 shares in the last quarter. Finally, Willis Investment Counsel increased its position in Shell by 0.8% during the fourth quarter. Willis Investment Counsel now owns 339,122 shares of the energy company's stock worth $21,246,000 after buying an additional 2,748 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. Morgan Stanley raised Shell from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Piper Sandler decreased their target price on Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. Scotiabank reduced their price target on Shell from $90.00 to $80.00 and set a "sector outperform" rating for the company in a report on Thursday, October 10th. Finally, Wolfe Research upgraded Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a research report on Friday, January 3rd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Shell has a consensus rating of "Buy" and an average price target of $79.11.

Shell Trading Down 0.1 %

SHEL traded down $0.08 during trading on Wednesday, reaching $66.55. The company had a trading volume of 3,264,935 shares, compared to its average volume of 4,366,762. The firm's 50-day simple moving average is $64.25 and its 200 day simple moving average is $67.18. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The company has a market cap of $203.49 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 6.57 and a beta of 0.54.

Shell (NYSE:SHEL - Get Free Report) last issued 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 return on equity of 12.75% and a net margin of 5.57%. Equities research analysts anticipate that Shell plc will post 7.27 earnings per share for the current year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Shell's previous quarterly dividend of $0.69. Shell's dividend payout ratio is 54.78%.

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.