Boston Partners Sells 7,963 Shares of Shell plc (NYSE:SHEL)

Boston Partners cut its stake in shares of Shell plc (NYSE:SHEL) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 805,528 shares of the energy company’s stock after selling 7,963 shares during the period. Boston Partners’ holdings in Shell were worth $50,478,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. OneDigital Investment Advisors LLC raised its stake in shares of Shell by 2.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,889 shares of the energy company’s stock worth $520,000 after purchasing an additional 196 shares during the period. Caprock Group LLC raised its stake in shares of Shell by 3.5% during the 3rd quarter. Caprock Group LLC now owns 30,072 shares of the energy company’s stock worth $1,983,000 after purchasing an additional 1,012 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Shell by 1.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 890,180 shares of the energy company’s stock worth $58,707,000 after purchasing an additional 14,690 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of Shell during the 3rd quarter worth $4,695,000. Finally, Jennison Associates LLC raised its stake in shares of Shell by 188.0% during the 3rd quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock worth $198,786,000 after purchasing an additional 1,967,672 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Performance

NYSE:SHEL opened at $71.56 on Thursday. The business has a 50 day moving average of $66.78 and a 200 day moving average of $66.22. The company has a market capitalization of $216.39 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 0.98 and a beta of 0.47. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10.

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, sell-side analysts predict that Shell plc will post 7.67 earnings per share for the current fiscal 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 given a $0.716 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 annualized dividend and a yield of 4.00%. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is presently 56.97%.

Analyst Ratings Changes

Several brokerages recently weighed in on SHEL. TD Securities lifted their price objective on Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday. Morgan Stanley raised 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 report on Tuesday, January 7th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Friday, January 3rd. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their price objective on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, January 31st. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Shell has an average rating of “Buy” and a consensus target price of $79.48.

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.