Sei Investments Co. Has $12.96 Million Stake in Shell plc (NYSE:SHEL)

Sei Investments Co. lowered its position in shares of Shell plc (NYSE:SHEL) by 28.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 206,925 shares of the energy company’s stock after selling 82,725 shares during the quarter. Sei Investments Co.’s holdings in Shell were worth $12,964,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fisher Asset Management LLC increased its position in shares of Shell by 1.7% in 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 during the period. Franklin Resources Inc. increased its stake in shares of Shell by 0.9% in the 3rd quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock valued at $408,430,000 after purchasing an additional 55,637 shares during the last quarter. Holocene Advisors LP boosted its stake in Shell by 29.8% in the third 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 in the last quarter. Rockefeller Capital Management L.P. increased its position in Shell by 1.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock worth $206,116,000 after purchasing an additional 46,293 shares in the last quarter. Finally, Jennison Associates LLC raised its position in Shell by 1.0% in the fourth quarter. Jennison Associates LLC now owns 3,045,043 shares of the energy company’s stock valued at $190,772,000 after purchasing an additional 30,844 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SHEL. Wells Fargo & Company boosted their price objective on shares of Shell from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday. TD Cowen assumed coverage on shares of Shell in a report on Wednesday, March 19th. They set a “buy” rating and a $81.00 price target for the company. Piper Sandler reduced their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. TD Securities boosted their target price on shares of Shell from $81.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, March 19th. Finally, Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Shell has an average rating of “Buy” and an average price target of $80.10.

Shell Trading Down 0.7 %

NYSE:SHEL opened at $72.74 on Friday. The firm has a 50-day moving average price of $67.68 and a two-hundred day moving average price of $66.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The firm has a market cap of $219.95 billion, a price-to-earnings ratio of 14.49, 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.

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

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were issued a $0.716 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 3.94%. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is presently 56.97%.

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.