Shell plc (NYSE:SHEL) Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. lowered its position in shares of Shell plc (NYSE:SHEL) by 2.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,145,650 shares of the energy company’s stock after selling 137,218 shares during the period. Shell accounts for 1.5% of Mawer Investment Management Ltd.’s portfolio, making the stock its 20th biggest holding. Mawer Investment Management Ltd. owned about 0.17% of Shell worth $322,375,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SHEL. Charles Schwab Investment Management Inc. raised its holdings in shares of Shell by 11.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 184,919 shares of the energy company’s stock valued at $12,195,000 after buying an additional 18,725 shares during the last quarter. Brooklyn Investment Group acquired a new position in Shell during the 3rd quarter worth $35,000. CreativeOne Wealth LLC increased its holdings in shares of Shell by 5.3% during the third quarter. CreativeOne Wealth LLC now owns 8,324 shares of the energy company’s stock valued at $549,000 after purchasing an additional 417 shares during the period. Financial Counselors Inc. raised its stake in shares of Shell by 1.6% during the third quarter. Financial Counselors Inc. now owns 23,088 shares of the energy company’s stock valued at $1,523,000 after purchasing an additional 363 shares in the last quarter. Finally, Icon Wealth Advisors LLC grew its position in Shell by 40.7% in the 3rd quarter. Icon Wealth Advisors LLC now owns 4,865 shares of the energy company’s stock valued at $321,000 after buying an additional 1,408 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SHEL has been the subject of a number of research analyst reports. Piper Sandler reduced their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company increased their price target on Shell from $81.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. TD Securities lifted their target price on Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, March 19th. Finally, Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Friday, January 3rd. One analyst has rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Shell presently has an average rating of “Buy” and an average price target of $80.10.

Shell Price Performance

NYSE SHEL opened at $72.74 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The company has a market cap of $219.95 billion, a PE ratio of 14.49, a PEG ratio of 0.98 and a beta of 0.47. The stock’s 50-day moving average price is $67.68 and its two-hundred day moving average price is $66.42.

Shell (NYSE:SHEL) last issued its quarterly 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 net margin of 5.57% and a return on equity of 12.75%. On average, analysts predict that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were issued a $0.716 dividend. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date was Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.94%. Shell’s dividend payout ratio is currently 56.97%.

About Shell

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.