Wellington Management Group LLP Boosts Holdings in Shell plc (NYSE:SHEL)

Wellington Management Group LLP raised its stake in Shell plc (NYSE:SHEL) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,982,817 shares of the energy company’s stock after acquiring an additional 238,705 shares during the period. Wellington Management Group LLP owned 0.26% of Shell worth $500,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Foster Group Inc. boosted its stake in Shell by 5.0% during the 4th quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock worth $213,000 after purchasing an additional 162 shares during the period. Warther Private Wealth LLC boosted its stake in shares of Shell by 5.5% during the fourth quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company’s stock worth $205,000 after buying an additional 169 shares during the period. Klingman & Associates LLC increased its position in Shell by 5.2% in the 4th quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company’s stock valued at $214,000 after acquiring an additional 170 shares during the period. RHS Financial LLC lifted its position in Shell by 3.1% during the 4th quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock worth $355,000 after acquiring an additional 173 shares during the period. Finally, Doliver Advisors LP grew its stake in shares of Shell by 5.2% in the 4th quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock valued at $228,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on SHEL. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wells Fargo & Company lifted their target price on shares of Shell from $81.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, March 26th. Royal Bank of Canada reissued an “outperform” rating on shares of Shell in a report on Wednesday, March 26th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Friday, January 3rd. Finally, Piper Sandler reduced their price target on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $80.10.

Shell Trading Up 0.8 %

NYSE:SHEL opened at $73.32 on Tuesday. The company has a market capitalization of $221.69 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The stock has a fifty day simple moving average of $67.82 and a 200-day simple moving average of $66.46. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last released its quarterly 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 net margin of 5.57% and a return on equity of 12.75%. On average, equities research analysts expect that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were given a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date was Friday, February 14th. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is currently 56.97%.

Shell 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.