GQG Partners LLC Sells 321 Shares of Shell plc (NYSE:SHEL)

GQG Partners LLC cut its position in Shell plc (NYSE:SHEL) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,694 shares of the energy company’s stock after selling 321 shares during the quarter. GQG Partners LLC’s holdings in Shell were worth $419,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SHEL. Foster Group Inc. increased its holdings in shares of Shell by 5.0% during the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock valued at $213,000 after acquiring an additional 162 shares in the last quarter. Warther Private Wealth LLC raised its holdings in Shell by 5.5% during the fourth quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company’s stock worth $205,000 after buying an additional 169 shares during the last quarter. Klingman & Associates LLC lifted its stake in shares of Shell by 5.2% in the fourth quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company’s stock valued at $214,000 after buying an additional 170 shares in the last quarter. RHS Financial LLC increased its position in shares of Shell by 3.1% during the fourth quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock worth $355,000 after acquiring an additional 173 shares in the last quarter. Finally, Doliver Advisors LP raised its holdings in shares of Shell by 5.2% in the 4th quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock worth $228,000 after acquiring an additional 180 shares during the last quarter. 28.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on SHEL. Wells Fargo & Company lowered their price objective on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. TD Cowen began coverage on Shell in a research report on Wednesday, March 19th. They issued a “buy” rating and a $81.00 price target for the company. Piper Sandler reduced their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, TD Securities increased their price objective on shares of Shell from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $79.48.

Shell Trading Up 0.5 %

Shares of SHEL stock opened at $71.33 on Tuesday. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $67.17 and a 200-day moving average of $66.24. The firm has a market cap of $215.69 billion, a P/E ratio of 14.21, a PEG ratio of 0.98 and a beta of 0.47.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 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%. Sell-side analysts anticipate that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were paid a $0.716 dividend. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date was Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.02%. Shell’s dividend payout ratio (DPR) is presently 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.