May Hill Capital LLC bought a new position in Shell plc (NYSE:SHEL - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 6,671 shares of the energy company's stock, valued at approximately $418,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SHEL. Fisher Asset Management LLC boosted its stake in Shell by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company's stock worth $1,562,412,000 after buying an additional 408,088 shares during the period. Wellington Management Group LLP raised its holdings in shares of Shell by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company's stock valued at $500,123,000 after purchasing an additional 238,705 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Shell by 0.8% during the fourth quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company's stock worth $377,352,000 after purchasing an additional 50,228 shares in the last quarter. Holocene Advisors LP lifted its stake in Shell by 29.8% during the third 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 during the last quarter. Finally, Jennison Associates LLC boosted 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 valued at $190,772,000 after buying an additional 30,844 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on SHEL shares. Wells Fargo & Company raised their price target on Shell from $81.00 to $87.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 26th. Morgan Stanley raised Shell from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Piper Sandler cut their target price on shares of Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. TD Cowen initiated coverage on shares of Shell in a report on Wednesday, March 19th. They issued a "buy" rating and a $81.00 price target on the stock. Finally, Royal Bank of Canada restated an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $80.10.
Check Out Our Latest Stock Analysis on SHEL
Shell Price Performance
Shares of SHEL traded down $0.20 during mid-day trading on Tuesday, reaching $73.08. The company had a trading volume of 3,645,172 shares, compared to its average volume of 4,179,026. The company's 50-day moving average is $67.94 and its 200-day moving average is $66.50. The company has a market capitalization of $220.96 billion, a P/E ratio of 14.56, a P/E/G ratio of 0.98 and a beta of 0.47. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10.
Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results 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 net margin of 5.57% and a return on equity of 12.75%. On average, equities analysts anticipate that Shell plc will post 7.67 EPS for the current year.
Shell Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were issued a dividend of $0.716 per share. This is a positive change from Shell's previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date was Friday, February 14th. Shell's dividend payout ratio (DPR) is 56.97%.
About Shell
(
Free Report)
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.
Further Reading
Before you consider Shell, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shell wasn't on the list.
While Shell currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
