Foundry Partners LLC Has $31.24 Million Stock Holdings in Shell plc (NYSE:SHEL)

Foundry Partners LLC cut its holdings in shares of Shell plc (NYSE:SHEL) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 498,637 shares of the energy company’s stock after selling 3,451 shares during the period. Shell accounts for approximately 1.6% of Foundry Partners LLC’s investment portfolio, making the stock its 6th biggest holding. Foundry Partners LLC’s holdings in Shell were worth $31,240,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Valley National Advisers Inc. raised its stake in Shell by 930.2% in the fourth 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 last quarter. CoreFirst Bank & Trust acquired a new position in shares of Shell during the fourth quarter valued at about $28,000. Human Investing LLC acquired a new stake in Shell in the 4th quarter worth approximately $31,000. Millstone Evans Group LLC purchased a new stake in Shell during the 4th quarter worth approximately $36,000. Finally, Summit Securities Group LLC raised 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. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Price Performance

NYSE:SHEL opened at $69.79 on Friday. The stock has a market capitalization of $211.03 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 0.98 and a beta of 0.27. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The stock’s 50-day moving average price is $68.14 and its 200-day moving average price is $66.57.

Shell (NYSE:SHEL) last announced 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%. As a group, equities analysts expect that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were paid a dividend of $0.716 per share. 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 4.10%. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is currently 56.97%.

Analyst Ratings Changes

Several research firms recently issued reports on SHEL. TD Securities upped their target price on Shell from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, March 19th. Royal Bank of Canada reiterated an “outperform” rating on shares of Shell in a research report on Wednesday, March 26th. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, Barclays reaffirmed an “overweight” rating on shares of Shell in a report on Wednesday, March 26th. One equities research 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. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $80.10.

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.