Royal London Asset Management Ltd. Boosts Position in Shell plc (NYSE:SHEL)

Royal London Asset Management Ltd. boosted its stake in Shell plc (NYSE:SHELFree Report) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,076 shares of the energy company’s stock after acquiring an additional 491 shares during the period. Royal London Asset Management Ltd.’s holdings in Shell were worth $2,966,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Provence Wealth Management Group bought a new stake in shares of Shell during the third quarter valued at approximately $26,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Shell during the third quarter valued at $26,000. Rise Advisors LLC raised its position in Shell by 84.4% in the 4th quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after buying an additional 189 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in shares of Shell by 217.7% during the 4th quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 283 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC grew its stake in shares of Shell by 611.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after acquiring an additional 385 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SHEL. Wells Fargo & Company raised their price target on Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. TD Securities boosted their target price on shares of Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Argus increased their price target on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.50.

Get Our Latest Stock Analysis on SHEL

Shell Stock Performance

Shares of NYSE:SHEL traded down $0.76 during mid-day trading on Friday, reaching $69.00. 4,109,381 shares of the company traded hands, compared to its average volume of 3,183,590. Shell plc has a 52 week low of $58.14 and a 52 week high of $74.61. The firm has a market cap of $219.40 billion, a PE ratio of 12.73, a PEG ratio of 1.77 and a beta of 0.60. The company’s 50 day moving average price is $71.77 and its 200-day moving average price is $67.14. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.14.

Shell (NYSE:SHELGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The energy company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $88.03 billion. On average, equities analysts expect 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. Investors of record on Friday, May 17th will be given a dividend of $0.688 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.75 annualized dividend and a dividend yield of 3.99%. This is a boost from Shell’s previous quarterly dividend of $0.66. Shell’s dividend payout ratio (DPR) is currently 50.74%.

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.

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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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