Pacer Advisors Inc. Raises Position in Shell plc (NYSE:SHEL)

Pacer Advisors Inc. increased its stake in shares of Shell plc (NYSE:SHEL) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,008,002 shares of the energy company’s stock after purchasing an additional 32,603 shares during the period. Pacer Advisors Inc.’s holdings in Shell were worth $63,151,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SHEL. FMR LLC boosted its holdings in 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 purchasing an additional 3,255,347 shares during the last quarter. Jennison Associates LLC grew its position in shares of Shell by 188.0% during the third quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock worth $198,786,000 after buying an additional 1,967,672 shares in the last quarter. Holocene Advisors LP increased its stake in shares of Shell by 29.8% in the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock worth $248,870,000 after buying an additional 866,954 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in Shell during the 3rd quarter valued at $37,274,000. Finally, Fisher Asset Management LLC increased its position in shares of Shell by 2.1% in the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after purchasing an additional 507,311 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Down 0.4 %

SHEL opened at $65.12 on Tuesday. The stock’s 50 day moving average price is $64.21 and its 200 day moving average price is $67.50. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The stock has a market cap of $199.11 billion, a P/E ratio of 13.40, a P/E/G ratio of 5.89 and a beta of 0.55. 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 data on Thursday, October 31st. The energy company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.20. The business had revenue of $72.46 billion for the quarter, compared to analysts’ expectations of $84.58 billion. Shell had a net margin of 5.17% and a return on equity of 14.54%. During the same period in the previous year, the business earned $1.86 earnings per share. As a group, research analysts predict that Shell plc will post 8.16 earnings per share for the current year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were paid a dividend of $0.688 per share. The ex-dividend date was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.23%. Shell’s dividend payout ratio is presently 56.58%.

Analyst Ratings Changes

SHEL has been the subject of several research analyst reports. Piper Sandler lowered their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Friday, January 3rd. Scotiabank decreased their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Finally, UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. 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. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $79.69.

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.