Franklin Resources Inc. Increases Stock Position in Shell plc (NYSE:SHEL)

Franklin Resources Inc. lifted its holdings in Shell plc (NYSE:SHEL - Free Report) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,023,173 shares of the energy company's stock after acquiring an additional 50,228 shares during the quarter. Franklin Resources Inc. owned approximately 0.20% of Shell worth $377,352,000 at the end of the most recent reporting period.

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

Shell Stock Performance

Shell stock traded down $0.20 during mid-day trading on Tuesday, reaching $73.08. The company's stock had a trading volume of 3,645,172 shares, compared to its average volume of 4,179,026. The firm's fifty day moving average price is $67.94 and its two-hundred day moving average price is $66.50. The company has a market capitalization of $220.96 billion, a P/E ratio of 14.56, a PEG ratio of 0.98 and a beta of 0.47. 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 12-month low of $60.15 and a 12-month high of $74.61.

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Shell (NYSE:SHEL - Get Free Report) last announced its quarterly 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%. Sell-side analysts predict that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were given a dividend of $0.716 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 3.92%. This is a boost from Shell's previous quarterly dividend of $0.69. Shell's dividend payout ratio (DPR) is 56.97%.

Wall Street Analysts Forecast Growth

SHEL has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on Shell from $81.00 to $87.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 26th. TD Cowen assumed coverage on shares of Shell in a research note on Wednesday, March 19th. They issued a "buy" rating and a $81.00 price target on the stock. Wolfe Research raised 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. Morgan Stanley raised Shell from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, Piper Sandler dropped their target price on Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $80.10.

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.