Mariner LLC Sells 4,002 Shares of Shell plc (NYSE:SHEL)

Mariner LLC decreased its holdings in Shell plc (NYSE:SHEL - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 332,992 shares of the energy company's stock after selling 4,002 shares during the quarter. Mariner LLC's holdings in Shell were worth $20,860,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHEL. Valley National Advisers Inc. grew its position in Shell by 930.2% in the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock valued at $27,000 after purchasing an additional 400 shares in the last quarter. CoreFirst Bank & Trust bought a new position in shares of Shell during the fourth quarter worth approximately $28,000. Human Investing LLC bought a new position in Shell during the 4th quarter worth $31,000. Millstone Evans Group LLC bought a new stake in Shell during the fourth quarter worth $36,000. Finally, Summit Securities Group LLC lifted its stake in shares of Shell by 50.0% in the 4th quarter. Summit Securities Group LLC now owns 600 shares of the energy company's stock valued at $38,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

Shell Stock Performance

NYSE:SHEL traded up $0.59 on Tuesday, hitting $65.24. The stock had a trading volume of 1,128,970 shares, compared to its average volume of 5,127,477. The business's 50-day simple moving average is $67.27 and its two-hundred day simple moving average is $66.06. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The stock has a market cap of $197.26 billion, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 0.98 and a beta of 0.27. Shell plc has a 52-week low of $58.54 and a 52-week high of $74.61.

Shell (NYSE:SHEL - Get Free Report) last released its earnings results on Thursday, January 30th. The energy company reported $1.20 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, research analysts predict that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were paid a dividend of $0.716 per share. This is a boost from Shell's previous quarterly dividend of $0.69. The ex-dividend date was Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.39%. Shell's dividend payout ratio is currently 56.97%.

Wall Street Analyst Weigh In

A number of research firms have commented on SHEL. Barclays reiterated an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Wolfe Research upgraded shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a report on Friday, January 3rd. Wells Fargo & Company decreased their target price on Shell from $87.00 to $83.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada reiterated an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. Finally, UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. 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 stock. Based on data from MarketBeat.com, Shell currently has an average rating of "Buy" and an average price target of $77.73.

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.