Jackson Square Capital LLC Has $829,000 Stock Holdings in Shell plc (NYSE:SHEL)

Jackson Square Capital LLC lessened its position in shares of Shell plc (NYSE:SHEL - Free Report) by 58.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,317 shares of the energy company's stock after selling 15,875 shares during the period. Jackson Square Capital LLC's holdings in Shell were worth $829,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Kennebec Savings Bank bought a new stake in shares of Shell in the 1st quarter worth approximately $25,000. CoreFirst Bank & Trust acquired a new position in shares of Shell during the 4th quarter valued at $28,000. Human Investing LLC acquired a new position in shares of Shell during the 4th quarter valued at $31,000. Transce3nd LLC acquired a new position in shares of Shell in the 4th quarter worth $34,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Shell in the 4th quarter worth $36,000. Institutional investors own 28.60% of the company's stock.

Shell Stock Performance

Shares of Shell stock traded up $1.05 during trading on Friday, reaching $72.49. The company's stock had a trading volume of 5,920,768 shares, compared to its average volume of 4,317,210. 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 business's fifty day moving average price is $65.95 and its 200-day moving average price is $66.05. The firm has a market cap of $216.67 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 0.98 and a beta of 0.39. Shell plc has a one year low of $58.55 and a one year high of $74.46.

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

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

Shell Announces Dividend

The firm 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 dividend of $0.716 per share. 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 3.95%. Shell's dividend payout ratio (DPR) is presently 65.90%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SHEL. TD Cowen decreased their target price on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Piper Sandler lifted their price target on Shell from $72.00 to $80.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Wells Fargo & Company lowered their price target on Shell from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Barclays reiterated an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Finally, Hsbc Global Res raised Shell to a "strong-buy" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Shell presently has a consensus rating of "Buy" and an average price target of $78.26.

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.