Manning & Napier Advisors LLC Has $9.23 Million Holdings in Shell plc (NYSE:SHEL)

Manning & Napier Advisors LLC trimmed its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 147,271 shares of the energy company's stock after selling 5,224 shares during the period. Manning & Napier Advisors LLC's holdings in Shell were worth $9,227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SHEL. Fortitude Family Office LLC acquired a new stake in shares of Shell during the third quarter valued at about $30,000. Valley Wealth Managers Inc. acquired a new stake in Shell during the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group purchased a new stake in Shell during the 3rd quarter worth approximately $35,000. GHP Investment Advisors Inc. boosted its stake in shares of Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company's stock valued at $37,000 after buying an additional 163 shares during the last quarter. Finally, Kieckhefer Group LLC acquired a new stake in shares of Shell during the fourth quarter worth approximately $40,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SHEL has been the topic of a number of research analyst reports. Citigroup upgraded shares of Shell to a "hold" rating in a research note on Wednesday, October 2nd. Morgan Stanley upgraded Shell from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. Piper Sandler reduced their price objective on Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. Finally, Wolfe Research upgraded shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a research note on Friday, January 3rd. One equities research 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. According to MarketBeat, Shell has an average rating of "Buy" and a consensus target price of $79.69.

Shell Stock Performance

Shares of NYSE:SHEL traded up $2.05 during trading hours on Thursday, hitting $66.83. The stock had a trading volume of 3,546,754 shares, compared to its average volume of 4,235,772. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The stock's fifty day simple moving average is $64.17 and its 200 day simple moving average is $67.42. The firm has a market capitalization of $204.34 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 5.89 and a beta of 0.55. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 14.54% and a net margin of 5.17%. Sell-side analysts anticipate that Shell plc will post 8.16 earnings per share for the current fiscal year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were issued a $0.688 dividend. This represents a $2.75 annualized dividend and a dividend yield of 4.12%. The ex-dividend date was Friday, November 15th. Shell's dividend payout ratio (DPR) is presently 56.58%.

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.