DMC Group LLC Decreases Stake in Shell plc (NYSE:SHEL)

DMC Group LLC trimmed its position in Shell plc (NYSE:SHEL) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,941 shares of the energy company’s stock after selling 958 shares during the quarter. DMC Group LLC’s holdings in Shell were worth $811,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SHEL. Coronation Fund Managers Ltd. grew its stake in shares of Shell by 7.6% in the second quarter. Coronation Fund Managers Ltd. now owns 15,201 shares of the energy company’s stock worth $1,097,000 after purchasing an additional 1,068 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Shell by 42.7% in the 2nd quarter. AQR Capital Management LLC now owns 21,701 shares of the energy company’s stock worth $1,566,000 after buying an additional 6,495 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Shell by 2.0% during the second quarter. The Manufacturers Life Insurance Company now owns 17,165 shares of the energy company’s stock valued at $1,239,000 after acquiring an additional 337 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Shell by 131.4% in the second quarter. NewEdge Advisors LLC now owns 81,982 shares of the energy company’s stock worth $5,917,000 after acquiring an additional 46,557 shares during the period. Finally, Truist Financial Corp increased its position in Shell by 2.5% during the 2nd quarter. Truist Financial Corp now owns 305,661 shares of the energy company’s stock valued at $22,063,000 after purchasing an additional 7,327 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SHEL shares. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Friday, January 3rd. Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. Scotiabank dropped their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, Barclays raised shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $79.69.

Shell Price Performance

Shares of SHEL opened at $64.68 on Thursday. The company has a market capitalization of $197.76 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 5.89 and a beta of 0.55. 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 50 day moving average of $64.17 and a 200 day moving average of $67.42.

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 5.17% and a return on equity of 14.54%. As a group, equities research analysts anticipate that Shell plc will post 8.16 earnings per share for the current fiscal year.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were paid a $0.688 dividend. This represents a $2.75 annualized dividend and a dividend yield of 4.25%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio (DPR) is presently 56.58%.

About Shell

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.