Perpetual Ltd Has $958,000 Stake in Shell plc (NYSE:SHEL)

Perpetual Ltd lessened its position in shares of Shell plc (NYSE:SHEL) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,294 shares of the energy company’s stock after selling 300 shares during the period. Perpetual Ltd’s holdings in Shell were worth $958,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC bought a new stake in Shell during the 3rd quarter worth about $30,000. Valley Wealth Managers Inc. bought a new stake in Shell during the third quarter worth about $33,000. Brooklyn Investment Group acquired a new position in Shell during the third quarter valued at approximately $35,000. GHP Investment Advisors Inc. increased its position in shares of Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after purchasing an additional 163 shares during the last quarter. Finally, Kieckhefer Group LLC bought a new stake in shares of Shell during the 4th quarter worth approximately $40,000. 28.60% of the stock is currently owned by institutional investors.

Shell Price Performance

Shares of Shell stock opened at $65.96 on Thursday. The company has a 50-day simple moving average of $64.22 and a two-hundred day simple moving average of $67.68. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. The stock has a market capitalization of $201.69 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 5.96 and a beta of 0.55. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.20. The business had revenue of $72.46 billion for the quarter, compared to the consensus estimate of $84.58 billion. Shell had a return on equity of 14.54% and a net margin of 5.17%. During the same quarter in the prior year, the business posted $1.86 earnings per share. Analysts forecast that Shell plc will post 8.16 EPS for the current year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were paid a dividend of $0.688 per share. The ex-dividend date was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.17%. Shell’s payout ratio is 56.58%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Scotiabank dropped their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. 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. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Friday, January 3rd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $79.69.

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.