Tocqueville Asset Management L.P. Decreases Stake in Shell plc (NYSE:SHEL)

Tocqueville Asset Management L.P. lessened its holdings in Shell plc (NYSE:SHEL) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 189,770 shares of the energy company’s stock after selling 253 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Shell were worth $11,889,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in Shell by 51.7% in the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after buying an additional 2,545 shares during the period. Private Advisor Group LLC increased 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 worth $2,078,000 after buying an additional 301 shares during the period. HF Advisory Group LLC increased its holdings in Shell by 15.8% in the 4th quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock worth $1,852,000 after buying an additional 4,028 shares during the period. Rockefeller Capital Management L.P. increased its holdings in Shell by 1.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock worth $206,116,000 after buying an additional 46,293 shares during the period. Finally, Lockheed Martin Investment Management Co. grew its stake in shares of Shell by 266.1% during the 4th quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company’s stock worth $7,645,000 after purchasing an additional 88,700 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Trading Up 1.9 %

Shares of SHEL stock opened at $70.11 on Tuesday. The stock’s fifty day moving average is $66.54 and its two-hundred day moving average is $66.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The firm has a market capitalization of $213.21 billion, a P/E ratio of 13.97, a PEG ratio of 0.98 and a beta of 0.47. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share 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%. Research analysts expect that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The business also recently declared 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 represents a $2.86 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Friday, February 14th. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is currently 56.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SHEL shares. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Piper Sandler dropped their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wells Fargo & Company dropped their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Friday, January 3rd. One analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $79.11.

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.