Shell plc (NYSE:SHEL) Shares Purchased by Sapient Capital LLC

Sapient Capital LLC raised its stake in Shell plc (NYSE:SHEL) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 244,845 shares of the energy company’s stock after purchasing an additional 20,332 shares during the quarter. Sapient Capital LLC’s holdings in Shell were worth $15,340,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. FMR LLC boosted its holdings in shares of Shell by 5.2% in the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after acquiring an additional 3,255,347 shares in the last quarter. Jennison Associates LLC boosted its holdings in Shell by 188.0% in the 3rd quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock valued at $198,786,000 after purchasing an additional 1,967,672 shares in the last quarter. Holocene Advisors LP increased its position in Shell by 29.8% during the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock worth $248,870,000 after purchasing an additional 866,954 shares during the period. Mediolanum International Funds Ltd acquired a new stake in shares of Shell in the 3rd quarter valued at approximately $37,274,000. Finally, Fisher Asset Management LLC grew its holdings in Shell by 2.1% during the third quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after acquiring an additional 507,311 shares during the period. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Stock Performance

Shares of NYSE SHEL opened at $66.13 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The company has a market cap of $202.19 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The company has a 50-day simple moving average of $64.29 and a 200-day simple moving average of $67.07. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share 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%. On average, equities analysts anticipate that Shell plc will post 7.46 earnings per share for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.716 per share. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Friday, February 14th. Shell’s dividend payout ratio is presently 54.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. 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 report on Friday, January 3rd. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Piper Sandler reduced their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Wells Fargo & Company dropped 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. Finally, Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $79.11.

Shell 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.