Fmr LLC Has $5.41 Billion Stock Holdings in Shell plc (NYSE:SHEL)

Fmr LLC grew its holdings in shares of Shell plc (NYSE:SHEL) by 32.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,417,177 shares of the energy company’s stock after purchasing an additional 21,118,234 shares during the quarter. Fmr LLC owned about 2.83% of Shell worth $5,414,036,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Shell by 11.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,919 shares of the energy company’s stock valued at $12,195,000 after acquiring an additional 18,725 shares during the last quarter. Benjamin Edwards Inc. bought a new position in shares of Shell in the third quarter valued at approximately $671,000. Quantinno Capital Management LP lifted its stake in shares of Shell by 4.5% in the third quarter. Quantinno Capital Management LP now owns 73,709 shares of the energy company’s stock worth $4,861,000 after buying an additional 3,184 shares during the last quarter. Insigneo Advisory Services LLC grew its stake in Shell by 31.1% in the 3rd quarter. Insigneo Advisory Services LLC now owns 30,542 shares of the energy company’s stock valued at $2,014,000 after buying an additional 7,237 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its position in Shell by 22.7% during the 3rd quarter. EP Wealth Advisors LLC now owns 16,713 shares of the energy company’s stock worth $1,102,000 after acquiring an additional 3,087 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Shell Trading Down 8.1 %

Shares of SHEL stock opened at $64.13 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $193.92 billion, a P/E ratio of 12.78, a P/E/G ratio of 0.98 and a beta of 0.27. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The firm has a 50-day moving average price of $68.12 and a 200 day moving average price of $66.53.

Shell (NYSE:SHEL) last released 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%. Research analysts forecast 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. Shareholders of record on Friday, February 14th were issued a dividend of $0.716 per share. The ex-dividend date was Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.47%. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio is currently 56.97%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. TD Securities raised their price objective on shares of Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, March 19th. Barclays reissued an “overweight” rating on shares of Shell in a report on Wednesday, March 26th. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Piper Sandler lowered their price target 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 equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Shell has an average rating of “Buy” and a consensus price target of $80.10.

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.