Shell plc (NYSE:SHEL) Shares Bought by Sapient Capital LLC

Sapient Capital LLC grew its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 244,845 shares of the energy company's stock after purchasing an additional 20,332 shares during the period. Sapient Capital LLC's holdings in Shell were worth $15,340,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHEL. Principle Wealth Partners LLC boosted its holdings in Shell by 2.9% in the fourth quarter. Principle Wealth Partners LLC now owns 7,065 shares of the energy company's stock worth $443,000 after acquiring an additional 200 shares in the last quarter. Equitable Trust Co. acquired a new stake in Shell in the 4th quarter worth approximately $1,001,000. Savant Capital LLC grew its position in Shell by 4.5% during the 4th quarter. Savant Capital LLC now owns 16,311 shares of the energy company's stock worth $1,022,000 after purchasing an additional 702 shares during the last quarter. Angeles Wealth Management LLC raised its holdings in shares of Shell by 48.3% in the fourth quarter. Angeles Wealth Management LLC now owns 5,367 shares of the energy company's stock worth $336,000 after buying an additional 1,747 shares during the last quarter. Finally, 17 Capital Partners LLC acquired a new stake in shares of Shell during the fourth quarter worth $217,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Price Performance

Shares of NYSE:SHEL traded up $1.27 during trading on Tuesday, reaching $67.40. 3,528,612 shares of the company's stock traded hands, compared to its average volume of 4,304,601. The firm has a market cap of $206.06 billion, a PE ratio of 13.43, a P/E/G ratio of 0.98 and a beta of 0.54. Shell plc has a fifty-two week low of $60.15 and a fifty-two week 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 50-day simple moving average of $64.33 and a 200-day simple moving average of $67.03.

Shell (NYSE:SHEL - Get Free Report) last announced its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share 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, analysts predict that Shell plc will post 7.46 earnings per share for the current year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be given a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Friday, February 14th. This is an increase from Shell's previous quarterly dividend of $0.69. Shell's dividend payout ratio is 56.97%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Wolfe Research upgraded Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a research note on Friday, January 3rd. 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 upped their price objective for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Piper Sandler decreased their target price on shares of Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. Finally, Wells Fargo & Company cut their price target on Shell from $86.00 to $82.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $79.11.

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.