DRW Securities LLC Decreases Holdings in Shell plc (NYSE:SHEL)

DRW Securities LLC lowered its holdings in shares of Shell plc (NYSE:SHEL) by 9.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 32,400 shares of the energy company’s stock after selling 3,450 shares during the period. DRW Securities LLC’s holdings in Shell were worth $2,030,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of SHEL. FMR LLC grew its stake in shares of Shell by 32.3% in the fourth quarter. FMR LLC now owns 86,417,177 shares of the energy company’s stock worth $5,414,036,000 after purchasing an additional 21,118,234 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Shell during the 4th quarter valued at about $91,716,000. Fisher Asset Management LLC raised its stake 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 buying an additional 408,088 shares in the last quarter. National Bank of Canada FI boosted its position in Shell by 236.4% during the 4th quarter. National Bank of Canada FI now owns 445,422 shares of the energy company’s stock valued at $27,906,000 after acquiring an additional 313,018 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Shell by 16,663.4% in the 4th 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 in the last quarter. 28.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SHEL shares. Barclays restated an “overweight” rating on shares of Shell in a report on Wednesday, March 26th. Wells Fargo & Company cut their target price on Shell from $87.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Piper Sandler reduced their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Finally, 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. One investment 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $78.98.

Shell Trading Down 4.3 %

Shares of NYSE:SHEL opened at $59.62 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $180.26 billion, a PE ratio of 11.88, a PEG ratio of 0.98 and a beta of 0.27. The business has a 50 day moving average of $67.86 and a two-hundred day moving average of $66.36. Shell plc has a 12-month low of $58.79 and a 12-month high of $74.61.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. As a group, analysts forecast that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were given a $0.716 dividend. This is an increase from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.80%. The ex-dividend date was Friday, February 14th. Shell’s payout ratio is currently 56.97%.

Shell Company 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.