Grantham Mayo Van Otterloo & Co. LLC Raises Position in Shell plc (NYSE:SHEL)

Grantham Mayo Van Otterloo & Co. LLC lifted its position in Shell plc (NYSE:SHEL - Free Report) by 482.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,102 shares of the energy company's stock after purchasing an additional 20,791 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Shell were worth $1,573,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CoreFirst Bank & Trust purchased a new stake in shares of Shell in the 4th quarter valued at $28,000. Valley National Advisers Inc. increased its stake in Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock worth $27,000 after buying an additional 400 shares during the period. Human Investing LLC purchased a new position in Shell in the 4th quarter valued at approximately $31,000. Millstone Evans Group LLC acquired a new position in shares of Shell in the fourth quarter worth $36,000. Finally, Summit Securities Group LLC raised its stake in shares of Shell by 50.0% in the fourth quarter. Summit Securities Group LLC now owns 600 shares of the energy company's stock valued at $38,000 after acquiring an additional 200 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SHEL shares. Barclays reaffirmed an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Royal Bank of Canada reiterated an "outperform" rating on shares of Shell in a research note on Wednesday, March 26th. TD Cowen dropped their price objective on shares of Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research report on Tuesday. Wolfe Research upgraded shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a research note on Friday, January 3rd. Finally, Piper Sandler decreased their price target on Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $78.98.

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Shell Stock Performance

Shares of NYSE SHEL traded up $1.69 during trading hours on Friday, reaching $61.47. The stock had a trading volume of 4,722,738 shares, compared to its average volume of 4,304,312. The firm has a market cap of $185.88 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 0.98 and a beta of 0.27. Shell plc has a fifty-two week low of $58.55 and a fifty-two week high of $74.61. The firm has a 50-day moving average of $67.66 and a 200-day moving average of $66.24. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL - Get Free Report) last announced its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (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%. Equities research analysts predict that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were given a $0.716 dividend. This represents a $2.86 annualized dividend and a yield of 4.66%. The ex-dividend date was Friday, February 14th. This is a boost from Shell's previous quarterly dividend of $0.69. Shell's 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.