Shell plc (NYSE:SHEL) Stake Lowered by Seven Mile Advisory

Seven Mile Advisory decreased its position in shares of Shell plc (NYSE:SHEL) by 3.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,816 shares of the energy company’s stock after selling 212 shares during the period. Seven Mile Advisory’s holdings in Shell were worth $364,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Shell during the 4th quarter worth $91,716,000. Holocene Advisors LP increased its position in Shell by 29.8% during the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock worth $248,870,000 after buying an additional 866,954 shares during the last quarter. Merewether Investment Management LP lifted its position in shares of Shell by 41.0% in the third quarter. Merewether Investment Management LP now owns 1,544,764 shares of the energy company’s stock worth $101,877,000 after buying an additional 449,000 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Shell by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company’s stock valued at $1,562,412,000 after acquiring an additional 408,088 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake 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 valued at $19,261,000 after acquiring an additional 305,606 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Trading Down 0.7 %

SHEL stock opened at $72.74 on Monday. 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 firm has a market cap of $219.95 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.98 and a beta of 0.47. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The business’s 50 day moving average is $67.68 and its 200-day moving average is $66.42.

Shell (NYSE:SHEL) last issued its quarterly earnings data 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 net margin of 5.57% and a return on equity of 12.75%. Equities analysts anticipate that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were paid a $0.716 dividend. 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 3.94%. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is 56.97%.

Analysts Set New Price Targets

SHEL has been the topic of several analyst reports. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Wells Fargo & Company lifted their target price on shares of Shell from $81.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, March 26th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Friday, January 3rd. TD Securities boosted their price objective on Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, March 19th. Finally, TD Cowen started coverage on Shell in a research report on Wednesday, March 19th. They issued a “buy” rating and a $81.00 price target on the stock. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $80.10.

Shell 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.