Northeast Investment Management lowered its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 41.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,344 shares of the energy company's stock after selling 4,458 shares during the quarter. Northeast Investment Management's holdings in Shell were worth $397,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in SHEL. Brighton Jones LLC increased its stake in Shell by 51.7% in the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock worth $468,000 after buying an additional 2,545 shares during the period. NorthCrest Asset Manangement LLC increased its stake in Shell by 6.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company's stock worth $247,000 after buying an additional 225 shares during the period. HF Advisory Group LLC increased its stake in Shell by 15.8% in the 4th quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company's stock worth $1,852,000 after buying an additional 4,028 shares during the period. Rockefeller Capital Management L.P. increased its stake in Shell by 1.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company's stock worth $206,116,000 after buying an additional 46,293 shares during the period. Finally, Lockheed Martin Investment Management Co. increased its stake in Shell by 266.1% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company's stock worth $7,645,000 after buying an additional 88,700 shares during the period. Hedge funds and other institutional investors own 28.60% of the company's stock.
Shell Stock Performance
SHEL stock traded up $1.27 during trading on Tuesday, reaching $67.40. The company had a trading volume of 3,528,357 shares, compared to its average volume of 4,304,584. The firm has a 50-day simple moving average of $64.33 and a 200-day simple moving average of $67.03. The company has a market cap of $206.06 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61.
Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings data 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 net margin of 5.57% and a return on equity of 12.75%. As a group, sell-side analysts expect that Shell plc will post 7.46 earnings per share for the current year.
Shell Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders 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 yield of 4.25%. This is a boost from Shell's previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. Shell's payout ratio is presently 56.97%.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on SHEL shares. Morgan Stanley raised shares of 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 research report on Tuesday, January 7th. Wells Fargo & Company cut their target price on shares of Shell from $86.00 to $82.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Wolfe Research raised shares of 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. Piper Sandler cut their target price on shares of Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. Finally, UBS Group upgraded shares of Shell from a "neutral" rating to a "buy" rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $79.11.
Read Our Latest Stock Report on Shell
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.
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