Barclays PLC Increases Stock Position in Shell plc (NYSE:SHEL)

Barclays PLC boosted its holdings in Shell plc (NYSE:SHEL) by 136.2% in the 4th quarter, Holdings Channel reports. The firm owned 7,824 shares of the energy company’s stock after purchasing an additional 4,512 shares during the period. Barclays PLC’s holdings in Shell were worth $490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of SHEL. FMR LLC increased its stake in Shell by 32.3% in the 4th quarter. FMR LLC now owns 86,417,177 shares of the energy company’s stock valued at $5,414,036,000 after buying an additional 21,118,234 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Shell during the fourth quarter worth about $91,716,000. Fisher Asset Management LLC raised its holdings in Shell by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company’s stock worth $1,562,412,000 after purchasing an additional 408,088 shares in the last quarter. National Bank of Canada FI boosted its holdings in Shell by 236.4% in the 4th quarter. National Bank of Canada FI now owns 445,422 shares of the energy company’s stock valued at $27,906,000 after purchasing an additional 313,018 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in Shell by 16,663.4% during the 4th quarter. SG Americas Securities LLC now owns 307,440 shares of the energy company’s stock worth $19,261,000 after purchasing an additional 305,606 shares during the period. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SHEL has been the subject of several recent analyst reports. TD Securities reissued a “buy” rating on shares of Shell in a report on Friday, April 4th. Barclays restated an “overweight” rating on shares of Shell in a research report on Wednesday, March 26th. TD Cowen cut their price target on shares of Shell from $82.00 to $76.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company decreased their price objective on shares of Shell from $83.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Finally, Scotiabank dropped their target price on shares of Shell from $75.00 to $70.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $77.35.

Shell Price Performance

Shares of NYSE:SHEL opened at $66.16 on Friday. Shell plc has a one year low of $58.55 and a one year high of $74.61. The stock has a market cap of $199.01 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38. The business’s fifty day moving average price is $66.74 and its two-hundred day moving average price is $65.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.30. The firm had revenue of $69.23 billion during the quarter, compared to analysts’ expectations of $79.18 billion. Shell had a return on equity of 12.75% and a net margin of 5.57%. During the same quarter last year, the business posted $2.40 EPS. On average, analysts forecast that Shell plc will post 7.67 EPS for the current fiscal year.

Shell declared that its Board of Directors has authorized a stock buyback plan on Friday, May 2nd that allows the company to repurchase $3.50 billion in shares. This repurchase authorization allows the energy company to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, May 16th will be given a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 4.33%. Shell’s dividend payout ratio (DPR) is currently 65.90%.

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.