Rockefeller Capital Management L.P. Reduces Stock Holdings in Shell plc (NYSE:SHEL)

Rockefeller Capital Management L.P. reduced its position in Shell plc (NYSE:SHEL - Free Report) by 20.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,494,415 shares of the energy company's stock after selling 630,869 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.08% of Shell worth $156,288,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC raised its position in 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 during the period. Raymond James Financial Inc. purchased a new stake in Shell during the 4th quarter valued at about $91,716,000. Fisher Asset Management LLC grew its position in Shell by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company's stock worth $1,562,412,000 after acquiring an additional 408,088 shares during the last quarter. National Bank of Canada FI increased its stake in Shell by 236.4% in the 4th quarter. National Bank of Canada FI now owns 445,422 shares of the energy company's stock worth $27,906,000 after purchasing an additional 313,018 shares during the period. Finally, SG Americas Securities LLC lifted its position in Shell by 16,663.4% in the fourth quarter. SG Americas Securities LLC now owns 307,440 shares of the energy company's stock valued at $19,261,000 after purchasing an additional 305,606 shares during the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Piper Sandler lowered their price target on shares of Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. UBS Group upgraded shares of Shell from a "neutral" rating to a "buy" rating in a report on Wednesday, January 8th. Morgan Stanley raised shares of Shell from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Scotiabank reduced their target price on Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a report on Friday. Finally, TD Securities reiterated a "buy" rating on shares of Shell in a research note on Friday, April 4th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Shell presently has an average rating of "Buy" and an average target price of $77.73.

Shell Price Performance

Shares of SHEL stock traded up $0.33 on Monday, hitting $62.42. 4,860,297 shares of the stock traded hands, compared to its average volume of 4,306,620. The firm has a market cap of $188.74 billion, a price-to-earnings ratio of 12.43, 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. The firm has a 50 day simple moving average of $67.56 and a two-hundred day simple moving average of $66.20. Shell plc has a 52 week low of $58.55 and a 52 week high of $74.61.

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 the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. As a group, equities research analysts predict that Shell plc will post 7.67 earnings per share 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. This is a positive change from Shell's previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.59%. Shell's dividend payout ratio is currently 56.97%.

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.