Mariner LLC Decreases Position in Shell plc (NYSE:SHEL)

Mariner LLC lowered its position in Shell plc (NYSE:SHEL - Free Report) by 1.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 332,992 shares of the energy company's stock after selling 4,002 shares during the period. Mariner LLC's holdings in Shell were worth $20,860,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SHEL. FMR LLC increased its holdings in shares of Shell by 32.3% in the 4th quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock worth $5,414,036,000 after purchasing an additional 21,118,234 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Shell by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company's stock valued at $1,562,412,000 after acquiring an additional 408,088 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Shell by 3.1% in the fourth quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company's stock worth $500,123,000 after buying an additional 238,705 shares during the last quarter. Franklin Resources Inc. raised its position in Shell by 0.8% in the fourth quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company's stock worth $377,352,000 after acquiring an additional 50,228 shares during the period. Finally, Jennison Associates LLC lifted its stake in shares of Shell by 1.0% during the 4th quarter. Jennison Associates LLC now owns 3,045,043 shares of the energy company's stock valued at $190,772,000 after buying an additional 30,844 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Price Performance

Shares of SHEL stock traded down $0.97 during mid-day trading on Monday, hitting $64.07. 2,651,018 shares of the stock were exchanged, compared to its average volume of 5,158,063. 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 52-week low of $58.54 and a 52-week high of $74.61. The firm has a fifty day moving average of $67.31 and a 200 day moving average of $66.09. The company has a market cap of $193.73 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 0.98 and a beta of 0.27.

Shell (NYSE:SHEL - Get Free Report) last released its 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 12.75% and a net margin of 5.57%. Research analysts anticipate 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. Shareholders of record on Friday, February 14th were paid a dividend of $0.716 per share. The ex-dividend date was Friday, February 14th. This is an increase from Shell's previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.47%. Shell's dividend payout ratio is currently 56.97%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Morgan Stanley raised Shell from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wolfe Research upgraded Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a research report on Friday, January 3rd. TD Cowen lowered their target price on Shell from $82.00 to $76.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. UBS Group raised shares of Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. Finally, TD Securities reaffirmed a "buy" rating on shares of Shell in a research report on Friday, April 4th. One equities research 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price 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.