3,287 Shares in Shell plc (NYSE:SHEL) Bought by Mcdonald Partners LLC

Mcdonald Partners LLC purchased a new position in shares of Shell plc (NYSE:SHEL) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 3,287 shares of the energy company’s stock, valued at approximately $206,000.

A number of other institutional investors have also recently added to or reduced their stakes in SHEL. FMR LLC lifted its holdings in Shell by 5.2% in the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock worth $4,306,465,000 after buying an additional 3,255,347 shares in the last quarter. Jennison Associates LLC lifted its holdings in Shell by 188.0% in the 3rd 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 lifted its holdings in Shell by 29.8% in the 3rd 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 in the last quarter. Mediolanum International Funds Ltd acquired a new position in Shell in the 3rd quarter worth $37,274,000. Finally, Fisher Asset Management LLC lifted its holdings in 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 buying an additional 507,311 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

NYSE SHEL opened at $67.87 on Wednesday. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock has a market cap of $206.40 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 0.97 and a beta of 0.54. The company has a 50-day moving average price of $64.61 and a two-hundred day moving average price of $66.85.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, January 30th. The energy company reported $1.20 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%. Analysts forecast that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The company also recently announced 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 annualized dividend and a yield of 4.22%. Shell’s dividend payout ratio is 56.97%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company cut their target price 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. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Friday, January 3rd. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Finally, Piper Sandler cut their target price 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. 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $79.11.

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.