Shell plc (NYSE:SHEL) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 20.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,494,415 shares of the energy company's stock after selling 630,869 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.08% of Shell worth $156,288,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. FMR LLC raised its position in Shell by 32.3% in the fourth 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 period. Raymond James Financial Inc. acquired a new position in Shell in the 4th quarter valued at $91,716,000. Fisher Asset Management LLC raised its position in Shell by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company's stock worth $1,562,412,000 after acquiring an additional 408,088 shares in the last quarter. National Bank of Canada FI increased its position in shares of 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 raised its holdings in shares of Shell by 16,663.4% in the fourth quarter. SG Americas Securities LLC now owns 307,440 shares of the energy company's stock worth $19,261,000 after acquiring an additional 305,606 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Stock Up 2.9 %

NYSE SHEL traded up $1.81 during mid-day trading on Wednesday, reaching $64.59. The stock had a trading volume of 2,992,634 shares, compared to its average volume of 5,159,593. The company has a fifty day moving average price of $67.41 and a 200 day moving average price of $66.15. The stock has a market cap of $195.30 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 0.98 and a beta of 0.27. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. Shell plc has a 1 year low of $58.54 and a 1 year high of $74.61.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. On average, research analysts expect that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were paid a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Shell's previous quarterly dividend of $0.69. Shell's payout ratio is presently 56.97%.

Analysts Set New Price Targets

Several research analysts have commented on SHEL shares. Wolfe Research raised Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research report on Friday, January 3rd. UBS Group raised Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. TD Securities reissued a "buy" rating on shares of Shell in a research report on Friday, April 4th. Piper Sandler lowered their price objective on shares of Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. Finally, Morgan Stanley raised Shell from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Shell currently has a consensus rating of "Buy" and a consensus target price 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.