Barclays PLC Increases Stock Holdings in Shell plc (NYSE:SHEL)

Barclays PLC increased its holdings in Shell plc (NYSE:SHEL - Free Report) by 136.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,824 shares of the energy company's stock after acquiring an additional 4,512 shares during the period. Barclays PLC's holdings in Shell were worth $490,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hilltop National Bank raised its stake in shares of Shell by 11.9% in the 4th quarter. Hilltop National Bank now owns 21,652 shares of the energy company's stock valued at $1,356,000 after acquiring an additional 2,299 shares during the period. Aprio Wealth Management LLC raised its position in Shell by 45.6% in the fourth quarter. Aprio Wealth Management LLC now owns 5,774 shares of the energy company's stock valued at $362,000 after purchasing an additional 1,809 shares during the period. Kieckhefer Group LLC acquired a new position in Shell during the fourth quarter worth $40,000. Thomasville National Bank boosted its position in shares of Shell by 4.8% during the fourth quarter. Thomasville National Bank now owns 349,953 shares of the energy company's stock worth $21,925,000 after buying an additional 16,119 shares during the period. Finally, Moody National Bank Trust Division raised its holdings in shares of Shell by 157.4% in the 4th quarter. Moody National Bank Trust Division now owns 9,770 shares of the energy company's stock valued at $612,000 after buying an additional 5,974 shares during the period. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Trading Up 1.7 %

NYSE:SHEL opened at $66.16 on Friday. Shell plc has a 1 year low of $58.55 and a 1 year high of $74.61. The stock has a market cap of $199.01 billion, a P/E ratio of 13.18, a P/E/G ratio of 0.98 and a beta of 0.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The stock has a 50-day simple moving average of $66.74 and a 200-day simple moving average of $65.85.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The energy company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.54 by $0.30. The company had revenue of $69.23 billion for the quarter, compared to analyst estimates of $79.18 billion. Shell had a net margin of 5.57% and a return on equity of 12.75%. During the same period in the prior year, the firm posted $2.40 earnings per share. As a group, analysts anticipate that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell announced that its board has approved a share buyback program on Friday, May 2nd that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the energy company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, May 16th will be given a $0.716 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 4.33%. Shell's dividend payout ratio (DPR) is presently 65.90%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SHEL. TD Cowen dropped their target price on Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Barclays restated an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Wells Fargo & Company reduced their target price on shares of Shell from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Scotiabank cut their price objective on Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Finally, TD Securities reiterated a "buy" rating on shares of Shell in a report on Friday, April 4th. One research 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 data from MarketBeat, Shell currently has an average rating of "Buy" and a consensus target price of $77.35.

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.

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