Shell plc (NYSE:SHEL) Shares Bought by Foster Group Inc.

Foster Group Inc. lifted its holdings in shares of Shell plc (NYSE:SHEL) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,393 shares of the energy company’s stock after buying an additional 162 shares during the quarter. Foster Group Inc.’s holdings in Shell were worth $213,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC lifted its position 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. Fisher Asset Management LLC boosted its stake in Shell by 2.1% during 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. Franklin Resources Inc. grew its holdings in shares of Shell by 0.9% during the third quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock worth $408,430,000 after buying an additional 55,637 shares in the last quarter. Mawer Investment Management Ltd. lifted its stake in shares of Shell by 8.7% in the third quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock worth $348,405,000 after buying an additional 422,329 shares in the last quarter. Finally, Holocene Advisors LP boosted its position in Shell by 29.8% during the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock worth $248,870,000 after acquiring an additional 866,954 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. Citigroup upgraded Shell to a “hold” rating in a report on Wednesday, October 2nd. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wolfe Research upgraded 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 report on Friday, January 3rd. Finally, Barclays raised shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $79.69.

Shell Stock Up 0.2 %

NYSE:SHEL opened at $64.68 on Thursday. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The stock’s fifty day moving average is $64.17 and its two-hundred day moving average is $67.42. The stock has a market capitalization of $197.76 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 5.89 and a beta of 0.55. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.20. The company had revenue of $72.46 billion during the quarter, compared to analysts’ expectations of $84.58 billion. Shell had a return on equity of 14.54% and a net margin of 5.17%. During the same period last year, the business posted $1.86 EPS. Research analysts anticipate that Shell plc will post 8.16 EPS for the current year.

Shell Announces Dividend

The firm also recently announced 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. This represents a $2.75 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s payout ratio is currently 56.58%.

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.