SBI Securities Co. Ltd. Makes New $3.43 Million Investment in Shell plc (NYSE:SHEL)

SBI Securities Co. Ltd. bought a new position in shares of Shell plc (NYSE:SHEL - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 54,797 shares of the energy company's stock, valued at approximately $3,433,000.

Several other hedge funds have also modified their holdings of the stock. FMR LLC boosted its position in Shell by 5.2% in the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company's stock valued at $4,306,465,000 after buying an additional 3,255,347 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Shell by 1.7% in 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 during the last quarter. Franklin Resources Inc. increased its position in Shell by 0.9% in the third quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company's stock worth $408,430,000 after purchasing an additional 55,637 shares during the period. Mawer Investment Management Ltd. raised its holdings in Shell by 8.7% during the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company's stock worth $348,405,000 after purchasing an additional 422,329 shares during the last quarter. Finally, Holocene Advisors LP boosted its stake in shares of Shell by 29.8% in the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company's stock valued at $248,870,000 after purchasing an additional 866,954 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Stock Down 1.4 %

NYSE SHEL traded down $0.97 during trading hours on Monday, reaching $66.49. 6,587,301 shares of the company's stock were exchanged, compared to its average volume of 4,027,495. 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 one year low of $60.15 and a one year high of $74.61. The company's 50-day moving average is $65.49 and its two-hundred day moving average is $66.59. The company has a market capitalization of $202.22 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54.

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 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%. On average, analysts forecast that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be given a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Shell's previous quarterly dividend of $0.69. Shell's dividend payout ratio (DPR) is currently 56.97%.

Wall Street Analyst Weigh In

SHEL has been the subject of a number of recent research reports. Wolfe Research raised shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price target for the company in a research note on Friday, January 3rd. 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 note on Friday, January 31st. UBS Group raised Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. Morgan Stanley upgraded Shell from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, Piper Sandler lowered their price target on Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average 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.