Rathbones Group PLC Purchases 91,411 Shares of Shell plc (NYSE:SHEL)

Rathbones Group PLC grew its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 231.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,889 shares of the energy company's stock after purchasing an additional 91,411 shares during the period. Rathbones Group PLC's holdings in Shell were worth $8,125,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SHEL. Brighton Jones LLC boosted its position in shares of Shell by 51.7% in the fourth 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. Private Advisor Group LLC boosted its position in Shell by 0.9% during the 4th quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company's stock worth $2,078,000 after acquiring an additional 301 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Shell by 8.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,856 shares of the energy company's stock valued at $12,521,000 after purchasing an additional 14,937 shares during the period. HF Advisory Group LLC lifted its position in shares of Shell by 15.8% in the fourth quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company's stock worth $1,852,000 after purchasing an additional 4,028 shares in the last quarter. Finally, Lockheed Martin Investment Management Co. grew its position in Shell by 266.1% during the fourth quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company's stock valued at $7,645,000 after purchasing an additional 88,700 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company's stock.

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Shell Stock Performance

NYSE:SHEL traded up $2.00 during midday trading on Friday, reaching $61.78. The stock had a trading volume of 5,318,433 shares, compared to its average volume of 4,306,740. The stock has a market capitalization of $186.79 billion, a P/E ratio of 12.25, a PEG ratio of 0.98 and a beta of 0.27. 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 plc has a 1-year low of $58.55 and a 1-year high of $74.61. The firm's fifty day simple moving average is $67.66 and its 200-day simple moving average is $66.24.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 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%. On average, equities research analysts forecast that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were given a dividend of $0.716 per share. The ex-dividend date was Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.64%. This is a positive change from Shell's previous quarterly dividend of $0.69. Shell's payout ratio is 56.97%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wolfe Research upgraded shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a report on Friday, January 3rd. UBS Group raised Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. Wells Fargo & Company reduced their price target on Shell from $87.00 to $83.00 and set an "overweight" rating for the company in a report on Tuesday. Barclays restated an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Finally, Royal Bank of Canada reissued an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $78.98.

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.