Sepio Capital LP Sells 638 Shares of Shell plc (NYSE:SHEL)

Sepio Capital LP trimmed its position in shares of Shell plc (NYSE:SHEL) by 14.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,899 shares of the energy company’s stock after selling 638 shares during the period. Sepio Capital LP’s holdings in Shell were worth $244,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SHEL. Raymond James Financial Inc. purchased a new position in Shell during the 4th quarter worth $91,716,000. Fisher Asset Management LLC boosted its holdings in Shell by 1.7% during 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 purchasing an additional 408,088 shares during the last quarter. National Bank of Canada FI grew its position in Shell by 236.4% in the 4th quarter. National Bank of Canada FI now owns 445,422 shares of the energy company’s stock worth $27,906,000 after purchasing an additional 313,018 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Shell by 16,663.4% during the 4th quarter. SG Americas Securities LLC now owns 307,440 shares of the energy company’s stock worth $19,261,000 after buying an additional 305,606 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Shell by 3.1% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

Shares of Shell stock opened at $64.13 on Monday. The business’s 50-day moving average price is $68.12 and its 200-day moving average price is $66.52. The firm has a market capitalization of $193.92 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 0.98 and a beta of 0.27. Shell plc has a 12 month low of $58.92 and a 12 month high of $74.61. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 EPS 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%. Sell-side analysts forecast that Shell plc will post 7.67 EPS for the current fiscal 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 issued a $0.716 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.47%. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is currently 56.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SHEL shares. Wells Fargo & Company raised their target price on Shell from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, March 26th. TD Cowen assumed coverage on shares of Shell in a research report on Wednesday, March 19th. They issued a “buy” rating and a $81.00 price objective on the stock. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Friday, January 3rd. Piper Sandler dropped their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Finally, TD Securities boosted their target price on Shell from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $80.10.

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.