Mondrian Investment Partners LTD Lowers Position in Shell plc (NYSE:SHEL)

Mondrian Investment Partners LTD trimmed its holdings in shares of Shell plc (NYSE:SHEL) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,663,880 shares of the energy company’s stock after selling 10,176 shares during the quarter. Shell accounts for about 1.9% of Mondrian Investment Partners LTD’s holdings, making the stock its 29th largest position. Mondrian Investment Partners LTD owned about 0.05% of Shell worth $109,566,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SHEL. FMR LLC increased its position in shares of Shell by 5.2% during the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after acquiring an additional 3,255,347 shares during the last quarter. Jennison Associates LLC increased its position in Shell by 188.0% in the third quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock worth $198,786,000 after buying an additional 1,967,672 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Shell in the fourth quarter worth $91,716,000. Holocene Advisors LP increased its position in Shell by 29.8% in the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock worth $248,870,000 after buying an additional 866,954 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in Shell by 2.1% in the third quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after buying an additional 507,311 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Shell Stock Up 0.6 %

SHEL opened at $67.78 on Friday. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61. The company has a market cap of $206.13 billion, a P/E ratio of 13.50, a P/E/G ratio of 0.98 and a beta of 0.47. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The business’s 50-day moving average price is $66.35 and its 200-day moving average price is $66.32.

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

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors 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 4.23%. The ex-dividend date is Friday, February 14th. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is currently 56.97%.

Shell Company 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.