Neuberger Berman Group LLC Sells 99,385 Shares of Shell plc (NYSE:SHEL)

Neuberger Berman Group LLC cut its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 17.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 477,437 shares of the energy company's stock after selling 99,385 shares during the period. Neuberger Berman Group LLC's holdings in Shell were worth $29,884,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Valley National Advisers Inc. increased its holdings in shares of Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock worth $27,000 after purchasing an additional 400 shares during the period. CoreFirst Bank & Trust acquired a new position in Shell in the 4th quarter valued at $28,000. Human Investing LLC bought a new stake in shares of Shell during the 4th quarter valued at $31,000. Millstone Evans Group LLC bought a new position in shares of Shell in the fourth quarter worth $36,000. Finally, Summit Securities Group LLC lifted its stake in Shell by 50.0% during the fourth quarter. Summit Securities Group LLC now owns 600 shares of the energy company's stock worth $38,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

Shell Stock Up 0.8 %

Shares of Shell stock traded up $0.48 during trading on Tuesday, hitting $63.02. The company's stock had a trading volume of 2,056,751 shares, compared to its average volume of 4,297,887. Shell plc has a 52 week low of $58.55 and a 52 week high of $74.61. The company has a fifty day simple moving average of $67.48 and a two-hundred day simple moving average of $66.18. The company has a market capitalization of $190.56 billion, a PE ratio of 12.55, a P/E/G ratio of 0.98 and a beta of 0.27. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

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

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were given a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a yield of 4.54%. This is an increase from Shell's previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Friday, February 14th. Shell's dividend payout ratio is 56.97%.

Analyst Upgrades and Downgrades

SHEL has been the subject of a number of recent research reports. TD Securities reaffirmed a "buy" rating on shares of Shell in a report on Friday, April 4th. Barclays restated an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Scotiabank decreased their target price on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a research report on Friday. Morgan Stanley raised shares of Shell from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Finally, Wolfe Research upgraded Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $77.73.

Shell 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.