Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Sells 528 Shares of Shell plc (NYSE:SHEL)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. trimmed its stake in Shell plc (NYSE:SHELGet Rating) by 13.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,355 shares of the energy company’s stock after selling 528 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Shell were worth $167,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Founders Capital Management purchased a new position in Shell during the 2nd quarter worth $26,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Shell during the 2nd quarter worth $27,000. First Command Bank purchased a new position in Shell during the 2nd quarter worth $30,000. Concord Wealth Partners purchased a new position in Shell during the 2nd quarter worth $35,000. Finally, HHM Wealth Advisors LLC grew its stake in Shell by 130.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 691 shares of the energy company’s stock worth $36,000 after buying an additional 391 shares during the last quarter. 7.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SHEL has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on Shell from GBX 2,900 ($35.39) to GBX 2,950 ($36.00) in a research note on Friday, December 2nd. Morgan Stanley boosted their price target on Shell from GBX 2,860 ($34.90) to GBX 2,922 ($35.66) in a research note on Tuesday, November 8th. Wolfe Research downgraded Shell from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 12th. The Goldman Sachs Group downgraded Shell from a “buy” rating to a “neutral” rating in a research note on Sunday, November 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Shell from GBX 2,761 ($33.69) to GBX 2,987 ($36.45) in a research note on Tuesday, December 6th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Shell presently has a consensus rating of “Moderate Buy” and a consensus price target of $2,161.63.

Shell Stock Performance

Shares of SHEL stock opened at $58.90 on Monday. The stock has a market cap of $211.88 billion, a PE ratio of 5.14, a price-to-earnings-growth ratio of 0.65 and a beta of 0.68. The business has a 50-day simple moving average of $57.09 and a 200-day simple moving average of $53.95. The company has a quick ratio of 1.08, a current ratio of 1.38 and a debt-to-equity ratio of 0.39. Shell plc has a 52-week low of $44.90 and a 52-week high of $61.67.

Shell (NYSE:SHELGet Rating) last released its quarterly earnings results on Thursday, October 27th. The energy company reported $2.58 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.10). The business had revenue of $98.76 billion during the quarter. Shell had a return on equity of 19.72% and a net margin of 11.56%. On average, equities analysts expect that Shell plc will post 10.22 EPS for the current year.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 19th. Investors of record on Friday, November 11th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, November 9th. This represents a $2.00 dividend on an annualized basis and a yield of 3.40%. Shell’s payout ratio is 17.45%.

Shell Company Profile

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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 necessary to deliver gas to market.

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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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