Corient Private Wealth LLC lessened its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460,092 shares of the energy company's stock after selling 16,306 shares during the quarter. Corient Private Wealth LLC's holdings in Shell were worth $28,613,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SHEL. FMR LLC lifted its stake in shares of Shell by 5.2% in the third 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 in the last quarter. Jennison Associates LLC boosted its stake in Shell by 188.0% during the 3rd quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company's stock valued at $198,786,000 after purchasing an additional 1,967,672 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Shell during the 4th quarter worth approximately $91,716,000. Holocene Advisors LP raised its stake in shares of Shell by 29.8% in the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company's stock worth $248,870,000 after purchasing an additional 866,954 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Shell by 2.1% during the third quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company's stock valued at $1,617,796,000 after buying an additional 507,311 shares during the last quarter. 28.60% of the stock is owned by institutional investors.
Shell Stock Performance
Shares of NYSE SHEL traded down $0.88 during trading on Friday, reaching $71.08. 3,756,201 shares of the stock traded hands, compared to its average volume of 3,958,949. 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 stock has a market capitalization of $214.91 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The company has a 50-day moving average of $67.05 and a 200-day moving average of $66.26.
Shell (NYSE:SHEL - Get Free Report) last released 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%. Analysts forecast that Shell plc will post 7.67 EPS for the current fiscal year.
Shell Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be given a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.03%. This is an increase from Shell's previous quarterly dividend of $0.69. Shell's dividend payout ratio is currently 56.97%.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Morgan Stanley upgraded Shell from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. UBS Group raised shares of Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. Piper Sandler dropped their target price on shares of Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. Wells Fargo & Company decreased their price target on Shell from $86.00 to $82.00 and set an "overweight" rating for the company in a research report on Friday, January 31st. Finally, TD Securities boosted their price objective on Shell from $81.00 to $82.00 and gave the stock a "buy" rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Shell presently has a consensus rating of "Buy" and an average target price of $79.48.
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About Shell
(
Free Report)
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.
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