US Bancorp DE Cuts Holdings in Shell plc (NYSE:SHEL)

US Bancorp DE lessened its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 367,239 shares of the energy company's stock after selling 10,700 shares during the period. US Bancorp DE's holdings in Shell were worth $23,008,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SHEL. Brighton Jones LLC grew its stake in shares of 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 grew its position in Shell by 0.9% during the 4th quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company's stock valued at $2,078,000 after purchasing an additional 301 shares during the last quarter. HF Advisory Group LLC raised its holdings in Shell by 15.8% in the fourth quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company's stock worth $1,852,000 after buying an additional 4,028 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Shell by 1.5% in the third quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company's stock worth $206,116,000 after buying an additional 46,293 shares in 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 valued at $7,645,000 after acquiring an additional 88,700 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Performance

Shell stock traded down $0.97 during midday trading on Monday, hitting $66.49. The stock had a trading volume of 6,587,301 shares, compared to its average volume of 4,027,495. 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 plc has a 52-week low of $60.15 and a 52-week high of $74.61. The company has a market capitalization of $202.22 billion, a PE ratio of 13.25, a P/E/G ratio of 0.98 and a beta of 0.54. The firm's fifty day moving average is $65.49 and its two-hundred day moving average is $66.59.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings data 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%. On average, research analysts forecast that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be paid a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a yield of 4.31%. The ex-dividend date is Friday, February 14th. This is an increase from Shell's previous quarterly dividend of $0.69. Shell's dividend payout ratio (DPR) is 56.97%.

Analysts Set New Price Targets

SHEL has been the topic of several recent analyst reports. 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 note on Friday, January 3rd. Wells Fargo & Company reduced their price objective on Shell from $86.00 to $82.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Morgan Stanley raised shares of 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. Piper Sandler decreased their price objective on shares of Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. Finally, UBS Group raised shares of Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $79.11.

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.