Linden Thomas Advisory Services LLC Raises Holdings in Shell plc (NYSE:SHEL)

Linden Thomas Advisory Services LLC boosted its stake in shares of Shell plc (NYSE:SHELFree Report) by 26.5% in the 4th quarter, HoldingsChannel reports. The fund owned 6,635 shares of the energy company’s stock after buying an additional 1,392 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Shell were worth $416,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC boosted its holdings in Shell by 6.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock valued at $247,000 after acquiring an additional 225 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in Shell by 1.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock valued at $206,116,000 after acquiring an additional 46,293 shares during the period. HF Advisory Group LLC boosted its holdings in Shell by 15.8% during the 4th quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock valued at $1,852,000 after acquiring an additional 4,028 shares during the period. Creative Planning raised its position in Shell by 11.3% during the 2nd quarter. Creative Planning now owns 292,587 shares of the energy company’s stock valued at $21,119,000 after purchasing an additional 29,677 shares during the last quarter. Finally, Mawer Investment Management Ltd. raised its position in Shell by 8.7% during the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock valued at $348,405,000 after purchasing an additional 422,329 shares during the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Stock Down 1.9 %

SHEL stock opened at $65.39 on Monday. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The firm has a market cap of $199.92 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 5.89 and a beta of 0.55. The business has a 50 day moving average of $64.23 and a 200 day moving average of $67.55.

Shell (NYSE:SHELGet Free Report) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.20. Shell had a return on equity of 14.54% and a net margin of 5.17%. The company had revenue of $72.46 billion during the quarter, compared to analyst estimates of $84.58 billion. During the same quarter last year, the company earned $1.86 EPS. On average, research analysts forecast that Shell plc will post 8.16 EPS for the current fiscal year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were issued a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 4.21%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio is presently 56.58%.

Wall Street Analysts Forecast Growth

SHEL has been the subject of a number of recent analyst reports. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. 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 research report on Friday, January 3rd. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Finally, Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $79.69.

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About Shell

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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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