Sit Investment Associates Inc. trimmed its position in shares of Shell plc (NYSE:SHEL - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 132,853 shares of the energy company's stock after selling 11,392 shares during the period. Sit Investment Associates Inc.'s holdings in Shell were worth $8,323,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Smith Moore & CO. boosted its stake in Shell by 85.0% in the 4th quarter. Smith Moore & CO. now owns 7,840 shares of the energy company's stock worth $491,000 after purchasing an additional 3,603 shares during the period. Pitcairn Co. lifted its stake in Shell by 5.1% in the fourth quarter. Pitcairn Co. now owns 47,490 shares of the energy company's stock worth $2,975,000 after purchasing an additional 2,292 shares during the last quarter. Arete Wealth Advisors LLC grew its position in Shell by 14.4% during the 4th quarter. Arete Wealth Advisors LLC now owns 4,451 shares of the energy company's stock worth $279,000 after acquiring an additional 561 shares during the last quarter. World Investment Advisors raised its holdings in Shell by 58.5% during the 4th quarter. World Investment Advisors now owns 8,868 shares of the energy company's stock valued at $556,000 after buying an additional 3,274 shares during the last quarter. Finally, Cinctive Capital Management LP bought a new stake in shares of Shell in the fourth quarter worth about $4,797,000. 28.60% of the stock is currently owned by institutional investors.
Shell Trading Up 7.1 %
Shares of NYSE:SHEL traded up $4.21 during trading on Wednesday, reaching $63.96. The company's stock had a trading volume of 11,989,928 shares, compared to its average volume of 4,269,535. The stock has a market capitalization of $193.41 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 0.98 and a beta of 0.27. Shell plc has a 12 month low of $58.55 and a 12 month high of $74.61. The firm's 50 day simple moving average is $67.77 and its two-hundred day simple moving average is $66.31. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36.
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 the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. On average, research analysts predict 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 was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were paid a $0.716 dividend. This is an increase from Shell's previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend was Friday, February 14th. Shell's dividend payout ratio is currently 56.97%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on SHEL shares. Morgan Stanley raised Shell from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. UBS Group raised Shell from a "neutral" rating to a "buy" rating in a report on Wednesday, January 8th. Wells Fargo & Company decreased their price target on shares of Shell from $87.00 to $83.00 and set an "overweight" rating on the stock in a research report on Tuesday. Wolfe Research upgraded shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a research note on Friday, January 3rd. Finally, Royal Bank of Canada restated an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Shell currently has a consensus rating of "Buy" and an average price target of $78.98.
Get Our Latest Stock Report on SHEL
Shell Company Profile
(
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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