Headlands Technologies LLC Sells 11,241 Shares of Shell plc (NYSE:SHEL)

Headlands Technologies LLC decreased its position in Shell plc (NYSE:SHEL - Free Report) by 32.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,712 shares of the energy company's stock after selling 11,241 shares during the quarter. Headlands Technologies LLC's holdings in Shell were worth $1,486,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Shell in the 4th quarter valued at approximately $91,716,000. Merewether Investment Management LP grew its holdings in shares of Shell by 41.0% during the 3rd quarter. Merewether Investment Management LP now owns 1,544,764 shares of the energy company's stock valued at $101,877,000 after purchasing an additional 449,000 shares during the last quarter. Fisher Asset Management LLC increased its position in Shell by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company's stock worth $1,562,412,000 after purchasing an additional 408,088 shares in the last quarter. National Bank of Canada FI boosted its position in Shell by 236.4% in the fourth quarter. National Bank of Canada FI now owns 445,422 shares of the energy company's stock valued at $27,906,000 after buying an additional 313,018 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Shell by 16,663.4% during the fourth quarter. SG Americas Securities LLC now owns 307,440 shares of the energy company's stock worth $19,261,000 after buying an additional 305,606 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Trading Down 8.1 %

Shares of NYSE:SHEL traded down $5.64 during midday trading on Friday, reaching $64.13. The company's stock had a trading volume of 9,976,657 shares, compared to its average volume of 4,180,911. The firm has a 50 day moving average price of $68.12 and a two-hundred day moving average price of $66.53. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The firm has a market capitalization of $193.92 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 0.98 and a beta of 0.27. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) 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%. As a group, analysts forecast that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were given a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 4.47%. This is a positive change from Shell's previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Friday, February 14th. Shell's payout ratio is presently 56.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Morgan Stanley raised Shell from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Barclays restated an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Royal Bank of Canada reiterated an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. TD Securities upped their price target on shares of Shell from $81.00 to $82.00 and gave the company a "buy" rating in a research report on Wednesday, March 19th. Finally, TD Cowen assumed coverage on shares of Shell in a research note on Wednesday, March 19th. They issued a "buy" rating and a $81.00 price objective on the stock. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $80.10.

Shell Company 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.