Fisher Asset Management LLC Grows Position in Shell plc (NYSE:SHEL)

Fisher Asset Management LLC raised its position in Shell plc (NYSE:SHEL - Free Report) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,871,131 shares of the energy company's stock after purchasing an additional 477,432 shares during the quarter. Fisher Asset Management LLC owned 0.69% of Shell worth $1,504,920,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SHEL. Provence Wealth Management Group bought a new stake in shares of Shell during the third quarter valued at approximately $26,000. VisionPoint Advisory Group LLC bought a new position in Shell in the third quarter worth approximately $26,000. Rise Advisors LLC raised its stake in Shell by 84.4% in the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company's stock worth $27,000 after buying an additional 189 shares in the last quarter. Valley National Advisers Inc. raised its stake in Shell by 217.7% in the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company's stock worth $27,000 after buying an additional 283 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Shell in the third quarter worth approximately $32,000. Institutional investors own 28.60% of the company's stock.

Shell Stock Performance

Shares of SHEL traded up $1.16 during trading hours on Thursday, reaching $72.11. 4,914,127 shares of the company traded hands, compared to its average volume of 4,722,886. The stock has a market capitalization of $232.02 billion, a P/E ratio of 12.54, a P/E/G ratio of 1.70 and a beta of 0.59. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.38. Shell plc has a 12-month low of $55.78 and a 12-month high of $73.94. The business has a fifty day moving average price of $68.10 and a 200-day moving average price of $65.97.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, beating 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 firm had revenue of $80.13 billion for the quarter, compared to analyst estimates of $89.59 billion. During the same period in the previous year, the company earned $2.76 earnings per share. Equities analysts anticipate that Shell plc will post 8.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.