Cubist Systematic Strategies LLC Has $19.81 Million Stock Holdings in Shell plc (NYSE:SHEL)

Cubist Systematic Strategies LLC trimmed its holdings in Shell plc (NYSE:SHEL - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 316,229 shares of the energy company's stock after selling 17,927 shares during the period. Cubist Systematic Strategies LLC's holdings in Shell were worth $19,812,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SHEL. First Wilshire Securities Management Inc. grew its stake in shares of Shell by 1.6% in the fourth quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company's stock valued at $596,000 after acquiring an additional 153 shares in the last quarter. Foster Group Inc. raised its position in shares of Shell by 5.0% in the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company's stock valued at $213,000 after buying an additional 162 shares in the last quarter. Titleist Asset Management LLC raised its holdings in Shell by 3.1% in the 4th quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company's stock valued at $346,000 after acquiring an additional 164 shares in the last quarter. Warther Private Wealth LLC grew its holdings in shares of 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 position in Shell by 5.2% during the fourth quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company's stock worth $214,000 after purchasing an additional 170 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SHEL shares. Wells Fargo & Company reduced their price target on shares of Shell from $83.00 to $80.00 and set an "overweight" rating on the stock in a research note on Monday. Royal Bank of Canada reiterated an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. UBS Group upgraded shares of Shell from a "neutral" rating to a "buy" rating in a report on Wednesday, January 8th. Morgan Stanley raised Shell from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Finally, TD Securities reaffirmed a "buy" rating on shares of Shell in a research note on Friday, April 4th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Shell currently has a consensus rating of "Buy" and an average price target of $77.35.

Shell Trading Down 2.3 %

NYSE:SHEL opened at $65.11 on Tuesday. 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 12 month low of $58.55 and a 12 month high of $74.61. The company has a market cap of $195.85 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38. The company has a 50 day simple moving average of $66.86 and a two-hundred day simple moving average of $65.88.

Shell (NYSE:SHEL - Get Free Report) last released its earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.30. Shell had a net margin of 5.57% and a return on equity of 12.75%. The company had revenue of $69.23 billion for the quarter, compared to analysts' expectations of $79.18 billion. During the same quarter in the previous year, the company earned $2.40 EPS. Research analysts forecast that Shell plc will post 7.67 earnings per share for the current year.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, May 16th will be paid a $0.716 dividend. This represents a $2.86 annualized dividend and a yield of 4.40%. The ex-dividend date is Friday, May 16th. Shell's payout ratio is currently 65.90%.

Shell announced that its board has initiated a share buyback program on Friday, May 2nd that permits the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization permits the energy company to buy up to 1.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.