Marshall Wace LLP lowered its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 3.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,101,239 shares of the energy company's stock after selling 41,996 shares during the period. Marshall Wace LLP's holdings in Shell were worth $68,993,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC lifted its stake in Shell by 0.9% during the 4th quarter. Evergreen Capital Management LLC now owns 218,933 shares of the energy company's stock worth $13,716,000 after acquiring an additional 1,995 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Shell by 3.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 10,042 shares of the energy company's stock valued at $629,000 after purchasing an additional 319 shares in the last quarter. Bridgewater Associates LP lifted its holdings in Shell by 523.9% during the 4th quarter. Bridgewater Associates LP now owns 831,000 shares of the energy company's stock worth $52,062,000 after buying an additional 697,806 shares in the last quarter. LaSalle St. Investment Advisors LLC boosted its position in Shell by 17.6% in the 4th quarter. LaSalle St. Investment Advisors LLC now owns 7,973 shares of the energy company's stock valued at $499,000 after buying an additional 1,193 shares during the period. Finally, Broyhill Asset Management purchased a new stake in shares of Shell during the fourth quarter worth $266,000. Institutional investors and hedge funds own 28.60% of the company's stock.
Shell Stock Performance
Shares of Shell stock traded down $1.07 during trading on Monday, reaching $63.97. The company's stock had a trading volume of 1,196,265 shares, compared to its average volume of 4,284,270. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm has a market cap of $193.43 billion, a PE ratio of 12.74, a P/E/G 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 company has a 50-day moving average price of $67.31 and a two-hundred day moving average price of $66.09.
Shell (NYSE:SHEL - Get Free Report) last released 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 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 year.
Shell Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were issued a $0.716 dividend. This is an increase from Shell's previous quarterly dividend of $0.69. The ex-dividend date was Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.48%. Shell's payout ratio is presently 56.97%.
Analysts Set New Price Targets
Several research analysts recently commented on SHEL shares. TD Cowen lowered their target price on Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley upgraded shares of Shell from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wells Fargo & Company decreased their price target on shares of Shell from $87.00 to $83.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. UBS Group upgraded shares of Shell from a "neutral" rating to a "buy" rating in a report on Wednesday, January 8th. Finally, Scotiabank dropped their target price on Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Shell presently has an average rating of "Buy" and an average target price of $77.73.
Check Out Our Latest Stock Report on SHEL
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.
Featured Stories
Before you consider Shell, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shell wasn't on the list.
While Shell currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
