Sterling Capital Management LLC decreased its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 28.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,336 shares of the energy company's stock after selling 9,507 shares during the period. Sterling Capital Management LLC's holdings in Shell were worth $1,462,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Valley National Advisers Inc. lifted its holdings in shares of Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock valued at $27,000 after buying an additional 400 shares during the period. CoreFirst Bank & Trust purchased a new position in Shell in the fourth quarter worth about $28,000. Human Investing LLC bought a new stake in shares of Shell during the 4th quarter valued at about $31,000. Millstone Evans Group LLC bought a new position in shares of Shell in the 4th quarter worth approximately $36,000. Finally, Summit Securities Group LLC boosted its holdings in shares of Shell by 50.0% in the fourth quarter. Summit Securities Group LLC now owns 600 shares of the energy company's stock worth $38,000 after buying an additional 200 shares during the last quarter. Institutional investors own 28.60% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on SHEL. Scotiabank decreased their price target on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. Morgan Stanley raised Shell from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. TD Securities reiterated a "buy" rating on shares of Shell in a research note on Friday, April 4th. Finally, Wells Fargo & Company decreased their target price on shares of Shell from $87.00 to $83.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $77.73.
Read Our Latest Stock Analysis on Shell
Shell Price Performance
SHEL stock traded up $0.98 during mid-day trading on Friday, hitting $65.01. The company had a trading volume of 4,511,560 shares, compared to its average volume of 4,296,085. The company has a market capitalization of $196.58 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 0.98 and a beta of 0.27. The company has a 50-day moving average price of $67.31 and a 200 day moving average price of $66.09. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. Shell plc has a 12-month low of $58.55 and a 12-month high of $74.61.
Shell (NYSE:SHEL - Get Free Report) last announced its quarterly 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 net margin of 5.57% and a return on equity of 12.75%. On average, research analysts anticipate that Shell plc will post 7.67 earnings per share for the current year.
Shell Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were paid a $0.716 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.41%. This is a positive change from Shell's previous quarterly dividend of $0.69. The ex-dividend date was Friday, February 14th. Shell's dividend payout ratio (DPR) is presently 56.97%.
About Shell
(
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
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