US Bancorp DE cut its position in shares of Shell plc (NYSE:SHEL – Free Report) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 415,889 shares of the energy company’s stock after selling 13,194 shares during the quarter. US Bancorp DE’s holdings in Shell were worth $27,365,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of SHEL. Provence Wealth Management Group bought a new stake in shares of Shell in the 3rd quarter valued at $26,000. VisionPoint Advisory Group LLC bought a new stake in Shell in the third quarter valued at $26,000. Rise Advisors LLC raised its holdings in shares of Shell by 84.4% during the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after purchasing an additional 189 shares during the period. Valley National Advisers Inc. grew its stake in shares of Shell by 217.7% in the 4th quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after buying an additional 283 shares during the period. Finally, Headlands Technologies LLC bought a new stake in Shell in the 3rd quarter valued at about $32,000. Institutional investors own 28.60% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on SHEL shares. TheStreet raised Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th. Wells Fargo & Company boosted their price target on shares of Shell from $88.00 to $91.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Finally, TD Securities raised their price objective on shares of Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $66.50.
View Our Latest Stock Report on Shell
Shell Stock Up 0.6 %
Shell stock traded up $0.45 during trading on Friday, hitting $70.82. 2,352,149 shares of the company were exchanged, compared to its average volume of 3,957,527. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $70.95 and its 200 day moving average is $66.62. Shell plc has a 52 week low of $55.78 and a 52 week high of $74.61. The company has a market capitalization of $226.29 billion, a P/E ratio of 13.07, a PEG ratio of 1.81 and a beta of 0.59.
Shell (NYSE:SHEL – Get Free Report) last announced its earnings results on Thursday, May 2nd. The energy company reported $2.38 EPS for the quarter, beating the consensus estimate of $1.87 by $0.51. Shell had a net margin of 5.83% and a return on equity of 13.83%. The company had revenue of $74.70 billion during the quarter, compared to the consensus estimate of $88.03 billion. Analysts predict that Shell plc will post 8.37 earnings per share for the current year.
Shell Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 17th will be issued a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend is Thursday, May 16th. This is an increase from Shell’s previous quarterly dividend of $0.66. Shell’s dividend payout ratio (DPR) is 50.74%.
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.
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