LSV Asset Management Invests $464,000 in Shell plc (NYSE:SHEL)

by · The Cerbat Gem

LSV Asset Management purchased a new position in Shell plc (NYSE:SHEL – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm purchased 7,400 shares of the energy company’s stock, valued at approximately $464,000.

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

Shell Stock Up 0.5 %

Shell stock opened at $62.42 on Tuesday. The business has a fifty day moving average price of $67.48 and a 200-day moving average price of $66.18. Shell plc has a 1-year low of $58.55 and a 1-year high of $74.61. The stock has a market capitalization of $188.74 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.98 and a beta of 0.27. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10.

Shell (NYSE:SHEL – Get Free Report) last posted its quarterly earnings data 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 net margin of 5.57% and a return on equity of 12.75%. Equities research analysts forecast that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were given a $0.716 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.59%. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date was Friday, February 14th. Shell’s dividend payout ratio is presently 56.97%.

Wall Street Analyst Weigh In

Several equities analysts have commented on SHEL shares. Barclays reaffirmed an “overweight” rating on shares of Shell in a research report on Wednesday, March 26th. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wolfe Research upgraded 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. Finally, Wells Fargo & Company reduced their price objective on Shell from $87.00 to $83.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $77.73.

Read Our Latest Stock Report on SHEL

About Shell

(Free Report)

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.

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