11,691 Shares in Shell plc (NYSE:SHEL) Acquired by Team Hewins LLC

Team Hewins LLC purchased a new stake in Shell plc (NYSE:SHEL) in the 4th quarter, HoldingsChannel reports. The fund purchased 11,691 shares of the energy company’s stock, valued at approximately $769,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of Shell by 29.1% during the third quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock worth $1,872,666,000 after purchasing an additional 6,554,340 shares in the last quarter. Invesco Ltd. boosted its holdings in Shell by 162.9% during the third quarter. Invesco Ltd. now owns 1,763,562 shares of the energy company’s stock worth $113,538,000 after purchasing an additional 1,092,670 shares during the last quarter. Mawer Investment Management Ltd. lifted its stake in Shell by 19.9% in the fourth quarter. Mawer Investment Management Ltd. now owns 5,325,276 shares of the energy company’s stock valued at $350,403,000 after acquiring an additional 885,069 shares during the last quarter. Wellington Management Group LLP lifted its stake in Shell by 10.7% in the third quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock valued at $562,866,000 after acquiring an additional 848,104 shares during the last quarter. Finally, L1 Capital Pty Ltd lifted its stake in Shell by 188.7% in the third quarter. L1 Capital Pty Ltd now owns 1,224,617 shares of the energy company’s stock valued at $78,841,000 after acquiring an additional 800,365 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Up 0.5 %

Shares of NYSE SHEL traded up $0.34 during trading on Friday, hitting $70.71. The stock had a trading volume of 1,738,981 shares, compared to its average volume of 4,563,555. Shell plc has a 12 month low of $55.78 and a 12 month high of $74.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.14. The company has a market capitalization of $225.94 billion, a PE ratio of 12.99, a PEG ratio of 1.81 and a beta of 0.59. The firm has a fifty day moving average of $70.76 and a two-hundred day moving average of $66.57.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, May 2nd. The energy company reported $2.38 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $74.70 billion during the quarter, compared to analyst estimates of $88.03 billion. As a group, equities research analysts forecast that Shell plc will post 8.37 EPS for the current fiscal year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, May 17th will be given 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 is Thursday, May 16th. This is a positive change from Shell’s previous quarterly dividend of $0.66. Shell’s dividend payout ratio (DPR) is currently 50.74%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. TD Securities raised their price target on shares of Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. TheStreet raised shares of Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th. Finally, Wells Fargo & Company raised 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. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.50.

About Shell

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.