Price T Rowe Associates Inc. MD lowered its stake in Shell plc (NYSE:SHEL - Free Report) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,900,669 shares of the energy company's stock after selling 183,954 shares during the period. Price T Rowe Associates Inc. MD owned about 0.23% of Shell worth $432,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also made changes to their positions in SHEL. FMR LLC increased its position in shares of Shell by 32.3% in the 4th quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock valued at $5,414,036,000 after purchasing an additional 21,118,234 shares during the last quarter. Fisher Asset Management LLC lifted its holdings 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 buying an additional 408,088 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Shell by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company's stock valued at $500,123,000 after acquiring an additional 238,705 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Shell by 0.8% in the fourth quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company's stock valued at $377,352,000 after purchasing an additional 50,228 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Shell by 1.0% during the 4th quarter. Jennison Associates LLC now owns 3,045,043 shares of the energy company's stock worth $190,772,000 after buying an additional 30,844 shares during the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
SHEL has been the topic of a number of research reports. UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their price target on shares of Shell from $87.00 to $83.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Barclays restated an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. Royal Bank of Canada restated an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. Finally, TD Securities reissued a "buy" rating on shares of Shell in a report on Friday, April 4th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $77.73.
View Our Latest Stock Report on SHEL
Shell Price Performance
Shares of NYSE SHEL traded down $0.76 during trading on Wednesday, hitting $64.75. 1,445,682 shares of the company were exchanged, compared to its average volume of 4,304,546. The firm's fifty day moving average price is $67.00 and its 200 day moving average price is $65.94. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The company has a market cap of $194.76 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 0.98 and a beta of 0.27. Shell plc has a 1 year low of $58.55 and a 1 year high of $74.61.
Shell (NYSE:SHEL - Get Free Report) last issued its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. On average, sell-side analysts expect that Shell plc will post 7.67 earnings per share for the current fiscal year.
Shell Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were given a $0.716 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.42%. This is a boost from Shell's previous quarterly dividend of $0.69. Shell's dividend payout ratio (DPR) is currently 56.97%.
Shell Company Profile
(
Free Report)
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.
Further Reading
Before you consider Shell, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shell wasn't on the list.
While Shell currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
