Banco de Sabadell S.A Has $1.04 Million Stock Position in Shell plc (NYSE:SHEL)

Banco de Sabadell S.A lessened its position in Shell plc (NYSE:SHEL) by 4.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 16,585 shares of the energy company’s stock after selling 699 shares during the period. Banco de Sabadell S.A’s holdings in Shell were worth $1,037,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SHEL. FMR LLC boosted its stake in Shell by 5.2% during the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after purchasing an additional 3,255,347 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Shell during the fourth quarter valued at approximately $91,716,000. Holocene Advisors LP raised its position in Shell by 29.8% in the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock valued at $248,870,000 after buying an additional 866,954 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Shell by 2.1% during the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock valued at $1,617,796,000 after acquiring an additional 507,311 shares in the last quarter. Finally, Merewether Investment Management LP grew its stake in shares of Shell by 41.0% in the 3rd quarter. Merewether Investment Management LP now owns 1,544,764 shares of the energy company’s stock worth $101,877,000 after acquiring an additional 449,000 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Stock Performance

NYSE SHEL opened at $71.08 on Friday. The company’s 50 day moving average is $67.05 and its 200-day moving average is $66.24. The firm has a market cap of $214.91 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. 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 posted its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (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%. Sell-side analysts predict that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be given a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.03%. Shell’s dividend payout ratio is currently 56.97%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SHEL. TD Cowen initiated coverage on shares of Shell in a report on Wednesday. They set a “buy” rating and a $81.00 price target on the stock. Morgan Stanley raised 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 report on Tuesday, January 7th. Piper Sandler cut their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Friday, January 3rd. Finally, TD Securities increased their price target on shares of Shell from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Shell currently has an average rating of “Buy” and an average target price of $79.48.

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.