Shell plc (NYSE:SHEL) Shares Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its holdings in Shell plc (NYSE:SHEL) by 17.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 45,544 shares of the energy company’s stock after buying an additional 6,854 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Shell were worth $2,853,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its holdings in Shell by 2.0% during the 2nd 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. SG Americas Securities LLC acquired a new position in shares of Shell in the third quarter worth $121,000. CWM LLC increased its position in Shell by 9.7% during the 3rd quarter. CWM LLC now owns 52,914 shares of the energy company’s stock worth $3,490,000 after purchasing an additional 4,660 shares in the last quarter. Wedmont Private Capital lifted its holdings in Shell by 10.2% in the 3rd quarter. Wedmont Private Capital now owns 11,086 shares of the energy company’s stock valued at $779,000 after purchasing an additional 1,023 shares in the last quarter. Finally, Perpetual Ltd grew its holdings in shares of Shell by 2.0% during the third quarter. Perpetual Ltd now owns 15,594 shares of the energy company’s stock worth $1,028,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on SHEL. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Friday, January 3rd. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Wells Fargo & Company cut their target price on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, Piper Sandler dropped their price target on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. One equities 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 data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $79.11.

Shell Stock Performance

Shares of SHEL stock opened at $65.87 on Friday. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61. The firm has a market capitalization of $201.39 billion, a P/E ratio of 13.12, a P/E/G ratio of 0.98 and a beta of 0.54. 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’s fifty day moving average price is $64.29 and its two-hundred day moving average price is $67.13.

Shell (NYSE:SHEL) last posted 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 return on equity of 12.75% and a net margin of 5.57%. On average, research analysts anticipate that Shell plc will post 7.46 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 given a dividend of $0.716 per share. This is a boost from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.35%. Shell’s dividend payout ratio (DPR) is presently 54.78%.

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.