Pzena Investment Management LLC Has $224.11 Million Stock Holdings in Shell plc (NYSE:SHEL)

Pzena Investment Management LLC lessened its holdings in Shell plc (NYSE:SHEL) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,577,175 shares of the energy company’s stock after selling 122,342 shares during the period. Pzena Investment Management LLC owned about 0.12% of Shell worth $224,110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SHEL. Brighton Jones LLC raised its holdings in shares of Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after acquiring an additional 2,545 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Shell by 0.9% during the fourth quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company’s stock worth $2,078,000 after acquiring an additional 301 shares in the last quarter. HF Advisory Group LLC raised its holdings in shares of Shell by 15.8% during the fourth quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock worth $1,852,000 after acquiring an additional 4,028 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Shell by 1.5% during the third quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock worth $206,116,000 after acquiring an additional 46,293 shares in the last quarter. Finally, Lockheed Martin Investment Management Co. raised its holdings in shares of Shell by 266.1% during the fourth quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company’s stock worth $7,645,000 after acquiring an additional 88,700 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Up 0.0 %

SHEL stock opened at $66.81 on Tuesday. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. The company has a market cap of $203.17 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. The business’s 50-day simple moving average is $66.08 and its 200 day simple moving average is $66.35. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last released its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. On average, research analysts anticipate that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.29%. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. Shell’s payout ratio is presently 56.97%.

Wall Street Analyst Weigh In

SHEL has been the topic of several recent research reports. Wells Fargo & Company cut their target price on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Piper Sandler cut their target price on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Friday, January 3rd. Finally, Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Shell currently has an average rating of “Buy” and a consensus price target of $79.11.

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.