Boston Partners Trims Position in Shell plc (NYSE:SHEL)

Boston Partners cut its holdings in shares of Shell plc (NYSE:SHEL) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 805,528 shares of the energy company’s stock after selling 7,963 shares during the period. Boston Partners’ holdings in Shell were worth $50,478,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Valley National Advisers Inc. increased its stake in shares of Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after buying an additional 400 shares during the period. Human Investing LLC purchased a new position in shares of Shell during the fourth quarter valued at approximately $31,000. Brooklyn Investment Group purchased a new position in shares of Shell during the third quarter valued at approximately $35,000. Sierra Ocean LLC purchased a new stake in Shell in the fourth quarter worth $39,000. Finally, Kieckhefer Group LLC purchased a new stake in Shell in the fourth quarter worth $40,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Stock Up 0.8 %

SHEL stock opened at $71.56 on Thursday. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The business’s 50-day moving average is $66.78 and its two-hundred day moving average is $66.22. 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 company has a market cap of $216.39 billion, a price-to-earnings ratio of 14.26, a P/E/G ratio of 0.98 and a beta of 0.47.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. As a group, analysts forecast that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be given a $0.716 dividend. 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 dividend on an annualized basis and a yield of 4.00%. Shell’s dividend payout ratio is presently 56.97%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SHEL. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. TD Cowen assumed coverage on Shell in a research note on Wednesday. They issued a “buy” rating and a $81.00 price target on the stock. 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 note on Friday, January 31st. TD Securities increased their target price on Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Piper Sandler cut their target price on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $79.48.

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.