Wellington Management Group LLP Buys 238,705 Shares of Shell plc (NYSE:SHEL)

Wellington Management Group LLP grew its position in shares of Shell plc (NYSE:SHEL - Free Report) by 3.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,982,817 shares of the energy company's stock after acquiring an additional 238,705 shares during the period. Wellington Management Group LLP owned about 0.26% of Shell worth $500,123,000 at the end of the most recent quarter.

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

Shell Stock Performance

SHEL traded down $5.64 during mid-day trading on Friday, reaching $64.13. 9,976,657 shares of the company traded hands, compared to its average volume of 4,184,049. The stock has a market capitalization of $193.92 billion, a P/E ratio of 12.78, a P/E/G ratio of 0.98 and a beta of 0.27. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The company's fifty day moving average price is $68.12 and its 200-day moving average price is $66.54.

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Shell (NYSE:SHEL - Get Free Report) last posted its earnings results 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%. On average, sell-side 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 issued a dividend of $0.716 per share. This is a boost from Shell's previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend was Friday, February 14th. Shell's dividend payout ratio is currently 56.97%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SHEL. Morgan Stanley raised Shell from an "equal weight" rating to an "overweight" rating and raised their price objective for the company 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 research report on Wednesday, January 8th. Wolfe Research raised shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research report on Friday, January 3rd. Piper Sandler decreased their target price 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, TD Cowen began coverage on shares of Shell in a research report on Wednesday, March 19th. They set a "buy" rating and a $81.00 price target for the company. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Shell has an average rating of "Buy" and an average target price of $80.10.

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.