Mackenzie Financial Corp Has $113.59 Million Holdings in Shell plc (NYSE:SHEL)

Mackenzie Financial Corp lowered its holdings in Shell plc (NYSE:SHEL - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,726,246 shares of the energy company's stock after selling 136,496 shares during the quarter. Mackenzie Financial Corp owned 0.05% of Shell worth $113,587,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SHEL. Moneta Group Investment Advisors LLC boosted its position in Shell by 96,141.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 14,370,746 shares of the energy company's stock valued at $818,414,000 after buying an additional 14,355,814 shares in the last quarter. Wellington Management Group LLP acquired a new position in Shell in the first quarter valued at about $677,739,000. Norges Bank acquired a new position in Shell in the fourth quarter valued at about $658,071,000. Arrowstreet Capital Limited Partnership acquired a new position in Shell in the first quarter valued at about $549,346,000. Finally, FMR LLC increased its position in Shell by 29.1% in the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company's stock valued at $1,872,666,000 after acquiring an additional 6,554,340 shares in the last quarter. Institutional investors own 28.60% of the company's stock.

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of Shell from a "c" rating to a "b-" rating in a research note on Monday, January 29th.

Shell Trading Down 1.2 %

Shell stock traded down $0.88 during mid-day trading on Tuesday, hitting $71.06. The stock had a trading volume of 4,991,316 shares, compared to its average volume of 4,807,233. The stock has a market capitalization of $228.64 billion, a PE ratio of 12.55, a P/E/G ratio of 2.21 and a beta of 0.62. Shell plc has a 12 month low of $55.78 and a 12 month high of $73.94. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The stock has a 50-day simple moving average of $66.07 and a two-hundred day simple moving average of $65.36.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.28. Shell had a net margin of 5.99% and a return on equity of 14.69%. The business had revenue of $80.13 billion during the quarter, compared to the consensus estimate of $89.59 billion. During the same period in the previous year, the firm posted $2.76 earnings per share. As a group, sell-side analysts forecast that Shell plc will post 8.18 EPS for the current year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were paid a $0.662 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 3.73%. Shell's dividend payout ratio (DPR) is presently 48.59%.

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.