Russell Investments Group Ltd. Lowers Position in Shell plc (NYSE:SHEL)

Russell Investments Group Ltd. cut its position in Shell plc (NYSE:SHEL - Free Report) by 15.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 669,475 shares of the energy company's stock after selling 122,419 shares during the period. Russell Investments Group Ltd.'s holdings in Shell were worth $41,943,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Shell in the 4th quarter valued at about $91,716,000. Fisher Asset Management LLC raised its position 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 valued at $1,562,412,000 after acquiring an additional 408,088 shares in the last quarter. National Bank of Canada FI boosted its position 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 in the last quarter. SG Americas Securities LLC increased its holdings in shares of Shell by 16,663.4% during the 4th 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 in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Shell by 3.1% during 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 in the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

SHEL has been the topic of a number of analyst reports. Piper Sandler dropped their target price on Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. Royal Bank of Canada reaffirmed an "outperform" rating on shares of Shell in a research note on Wednesday, March 26th. TD Securities reissued a "buy" rating on shares of Shell in a research note on Friday, April 4th. Wolfe Research raised shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a report on Friday, January 3rd. Finally, Morgan Stanley raised shares of Shell from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Shell currently has an average rating of "Buy" and a consensus target price of $78.98.

Shell Price Performance

SHEL traded up $1.86 during trading on Friday, reaching $61.64. The company's stock had a trading volume of 4,902,537 shares, compared to its average volume of 4,305,115. Shell plc has a 1 year low of $58.55 and a 1 year high of $74.61. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The company has a market cap of $186.38 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 0.98 and a beta of 0.27. The firm has a fifty day simple moving average of $67.66 and a two-hundred day simple moving average of $66.24.

Shell (NYSE:SHEL - Get Free Report) last issued 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 net margin of 5.57% and a return on equity of 12.75%. As a group, analysts anticipate that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were paid a $0.716 dividend. This is a boost 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 annualized dividend and a dividend yield of 4.65%. Shell's dividend payout ratio is 56.97%.

Shell Company 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.