Janney Montgomery Scott LLC Sells 7,079 Shares of Shell plc (NYSE:SHEL)

Janney Montgomery Scott LLC lowered its position in Shell plc (NYSE:SHELFree Report) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143,157 shares of the energy company’s stock after selling 7,079 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Shell were worth $9,420,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. FMR LLC lifted its position in shares of Shell by 29.1% during the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock worth $1,872,666,000 after buying an additional 6,554,340 shares during the period. Fisher Asset Management LLC lifted its position in shares of Shell by 2.1% during the 4th quarter. Fisher Asset Management LLC now owns 22,871,131 shares of the energy company’s stock worth $1,504,920,000 after buying an additional 477,432 shares during the period. Morgan Stanley lifted its position in shares of Shell by 4.3% during the 3rd quarter. Morgan Stanley now owns 9,356,191 shares of the energy company’s stock worth $602,352,000 after buying an additional 384,967 shares during the period. Wellington Management Group LLP lifted its position in shares of Shell by 10.7% during the 3rd quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock worth $562,866,000 after buying an additional 848,104 shares during the period. Finally, Mawer Investment Management Ltd. lifted its position in shares of Shell by 19.9% during the 4th quarter. Mawer Investment Management Ltd. now owns 5,325,276 shares of the energy company’s stock worth $350,403,000 after buying an additional 885,069 shares during the period. Institutional investors own 28.60% of the company’s stock.

Shell Stock Up 0.3 %

Shares of Shell stock opened at $71.92 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.42 and a debt-to-equity ratio of 0.37. Shell plc has a 12 month low of $55.78 and a 12 month high of $74.61. The business has a fifty day simple moving average of $70.38 and a 200 day simple moving average of $66.46. The stock has a market cap of $229.81 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 1.86 and a beta of 0.59.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.688 per share. The ex-dividend date of this dividend is Thursday, May 16th. This is a positive change from Shell’s previous quarterly dividend of $0.66. This represents a $2.75 annualized dividend and a yield of 3.83%. Shell’s payout ratio is currently 50.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. TD Securities raised their price target on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday, May 3rd. TheStreet raised Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th. Finally, Wells Fargo & Company raised their price target on Shell from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.50.

View Our Latest Stock Report on SHEL

Shell Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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