Shell plc (NYSE:SHEL) Shares Acquired by PFG Advisors

PFG Advisors lifted its position in shares of Shell plc (NYSE:SHELFree Report) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,731 shares of the energy company’s stock after purchasing an additional 318 shares during the period. PFG Advisors’ holdings in Shell were worth $246,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SHEL. Moneta Group Investment Advisors LLC increased its position in shares of Shell by 96,141.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 14,370,746 shares of the energy company’s stock worth $818,414,000 after purchasing an additional 14,355,814 shares in the last quarter. Wellington Management Group LLP acquired a new position in Shell in the 1st quarter valued at about $677,739,000. Norges Bank acquired a new position in Shell in the 4th quarter valued at about $658,071,000. Arrowstreet Capital Limited Partnership acquired a new position in Shell in the 1st quarter valued at about $549,346,000. Finally, FMR LLC increased its position in Shell by 29.1% in the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after acquiring an additional 6,554,340 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SHEL. BNP Paribas cut Shell from an “outperform” rating to a “neutral” rating in a research report on Wednesday, December 13th. TheStreet upgraded Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th.

Check Out Our Latest Report on Shell

Shell Stock Performance

NYSE SHEL opened at $70.11 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $64.69 and its two-hundred day moving average is $64.97. Shell plc has a 12-month low of $55.78 and a 12-month high of $70.12. The stock has a market capitalization of $226.44 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 2.06 and a beta of 0.62.

Shell (NYSE:SHELGet Free Report) last released its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.28. Shell had a return on equity of 14.69% and a net margin of 5.99%. The company had revenue of $80.13 billion for the quarter, compared to analysts’ expectations of $89.59 billion. During the same quarter in the previous year, the firm posted $2.76 EPS. Research analysts expect that Shell plc will post 8.25 EPS for the current year.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were paid a dividend of $0.662 per share. This represents a $2.65 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend was Thursday, February 15th. Shell’s dividend payout ratio (DPR) is 48.59%.

Shell Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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