Renaissance Technologies LLC trimmed its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 673,786 shares of the energy company's stock after selling 12,200 shares during the quarter. Renaissance Technologies LLC's holdings in Shell were worth $42,213,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in Shell by 51.7% in the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock worth $468,000 after acquiring an additional 2,545 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Shell by 0.9% in the 4th quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company's stock valued at $2,078,000 after acquiring an additional 301 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Shell by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 199,856 shares of the energy company's stock valued at $12,521,000 after purchasing an additional 14,937 shares during the last quarter. HF Advisory Group LLC grew its position in shares of Shell by 15.8% in the 4th quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company's stock valued at $1,852,000 after buying an additional 4,028 shares during the last quarter. Finally, Lockheed Martin Investment Management Co. increased its position in shares of Shell by 266.1% during the fourth quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company's stock worth $7,645,000 after purchasing an additional 88,700 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts recently weighed in on SHEL shares. TD Securities reiterated a "buy" rating on shares of Shell in a research note on Friday, April 4th. Royal Bank of Canada reiterated an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. TD Cowen lowered their price target on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Wolfe Research raised Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a report on Friday, January 3rd. Finally, Wells Fargo & Company cut their target price on shares of Shell from $87.00 to $83.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. One 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, the stock presently has an average rating of "Buy" and a consensus target price of $77.73.
Read Our Latest Report on Shell
Shell Trading Up 0.9 %
NYSE SHEL traded up $0.59 during mid-day trading on Tuesday, hitting $63.13. The company's stock had a trading volume of 1,933,700 shares, compared to its average volume of 4,297,392. 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 firm has a market capitalization of $190.88 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 0.98 and a beta of 0.27. The stock's fifty day simple moving average is $67.48 and its two-hundred day simple moving average is $66.18. Shell plc has a 52-week low of $58.55 and a 52-week high of $74.61.
Shell (NYSE:SHEL - Get Free Report) last announced its earnings results 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%. Research analysts expect that Shell plc will post 7.67 EPS for the current year.
Shell Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were given a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.54%. This is a positive change 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 presently 56.97%.
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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