Aquatic Capital Management LLC Decreases Holdings in Shell plc (NYSE:SHEL)

Aquatic Capital Management LLC trimmed its position in shares of Shell plc (NYSE:SHEL - Free Report) by 51.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,760 shares of the energy company's stock after selling 78,798 shares during the period. Aquatic Capital Management LLC's holdings in Shell were worth $4,621,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of SHEL. First Wilshire Securities Management Inc. lifted its holdings in Shell by 1.6% during the 4th quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company's stock worth $596,000 after purchasing an additional 153 shares in the last quarter. Foster Group Inc. lifted its holdings in Shell by 5.0% during the 4th quarter. Foster Group Inc. now owns 3,393 shares of the energy company's stock worth $213,000 after purchasing an additional 162 shares in the last quarter. Titleist Asset Management LLC lifted its holdings in Shell by 3.1% during the 4th quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company's stock worth $346,000 after purchasing an additional 164 shares in the last quarter. Warther Private Wealth LLC lifted its holdings in Shell by 5.5% during the 4th quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company's stock worth $205,000 after purchasing an additional 169 shares in the last quarter. Finally, Klingman & Associates LLC lifted its holdings in Shell by 5.2% during the 4th quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company's stock worth $214,000 after purchasing an additional 170 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barclays reaffirmed an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. TD Securities reaffirmed a "buy" rating on shares of Shell in a report on Friday, April 4th. Scotiabank lowered their price target on Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Royal Bank of Canada reaffirmed an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. Finally, UBS Group raised Shell from a "neutral" rating to a "buy" rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $77.73.

Shell Trading Down 1.5 %

Shares of SHEL traded down $1.00 during trading hours on Wednesday, hitting $64.51. The company had a trading volume of 4,662,579 shares, compared to its average volume of 4,315,703. The firm has a market cap of $194.05 billion, a P/E ratio of 12.85, a P/E/G ratio of 0.98 and a beta of 0.27. The stock's 50 day moving average price is $67.00 and its 200 day moving average price is $65.94. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. 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 released 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 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 year.

Shell Increases Dividend

The company 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 an increase from Shell's previous quarterly dividend of $0.69. The ex-dividend date was Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.44%. Shell's dividend payout ratio is 56.97%.

About Shell

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.