Trexquant Investment LP Boosts Stake in Shell plc (NYSE:SHEL)

Trexquant Investment LP lifted its stake in Shell plc (NYSE:SHEL) by 95.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 164,700 shares of the energy company’s stock after purchasing an additional 80,641 shares during the period. Trexquant Investment LP’s holdings in Shell were worth $10,318,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after acquiring an additional 2,545 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Shell by 0.9% in the 4th quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company’s stock valued at $2,078,000 after purchasing an additional 301 shares during the last quarter. HF Advisory Group LLC grew its stake in shares of Shell by 15.8% in the 4th quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock valued at $1,852,000 after buying an additional 4,028 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Shell by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,856 shares of the energy company’s stock worth $12,521,000 after buying an additional 14,937 shares during the last quarter. Finally, Lockheed Martin Investment Management Co. lifted its holdings in Shell by 266.1% in the fourth quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company’s stock valued at $7,645,000 after acquiring an additional 88,700 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SHEL has been the topic of a number of research analyst reports. TD Cowen assumed coverage on Shell in a research report on Wednesday, March 19th. They issued a “buy” rating and a $81.00 target price on the stock. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Wolfe Research upgraded shares of 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. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Shell in a research report on Wednesday, March 26th. Finally, Piper Sandler decreased their price target on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $80.10.

Shell Stock Down 0.4 %

Shell stock opened at $72.78 on Thursday. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. The firm has a market capitalization of $220.07 billion, a P/E ratio of 14.50, a P/E/G ratio of 0.98 and a beta of 0.47. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock’s fifty day simple moving average is $68.08 and its 200-day simple moving average is $66.55.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. As a group, equities analysts expect that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were issued a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.94%. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Friday, February 14th. Shell’s dividend payout ratio (DPR) is presently 56.97%.

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.