Fayez Sarofim & Co Has $33.64 Million Stock Position in Shell plc (NYSE:SHEL)

Fayez Sarofim & Co trimmed its stake in Shell plc (NYSE:SHEL - Free Report) by 5.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 536,986 shares of the energy company's stock after selling 33,661 shares during the period. Fayez Sarofim & Co's holdings in Shell were worth $33,642,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Wilshire Securities Management Inc. increased its holdings 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 purchasing an additional 153 shares in the last quarter. Foster Group Inc. boosted its holdings in 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 acquiring an additional 162 shares during the last quarter. Titleist Asset Management LLC increased its position in Shell by 3.1% in the fourth 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 during the period. Warther Private Wealth LLC lifted its position in Shell by 5.5% during the 4th quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company's stock valued at $205,000 after purchasing an additional 169 shares during the period. Finally, Klingman & Associates LLC grew its position in shares of 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 buying an additional 170 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SHEL. Royal Bank of Canada reaffirmed an "outperform" rating on shares of Shell in a research note on Wednesday, March 26th. Morgan Stanley upgraded Shell from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Scotiabank cut their target price on Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Wolfe Research upgraded Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a research report on Friday, January 3rd. Finally, Wells Fargo & Company cut their price target on shares of Shell from $87.00 to $83.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $77.73.

Shell Stock Up 1.1 %

Shares of SHEL traded up $0.74 during midday trading on Friday, hitting $65.79. The stock had a trading volume of 2,608,830 shares, compared to its average volume of 4,311,936. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The firm has a market cap of $197.88 billion, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 0.98 and a beta of 0.27. The company has a 50 day simple moving average of $67.13 and a two-hundred day simple moving average of $66.01. Shell plc has a twelve month low of $58.55 and a twelve month high of $74.61.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly 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 return on equity of 12.75% and a net margin of 5.57%. On average, analysts anticipate that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were given a dividend of $0.716 per share. The ex-dividend date was Friday, February 14th. This is a boost from Shell's previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.35%. Shell's payout ratio is 56.97%.

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.