Gamco Investors INC. ET AL lifted its holdings in shares of Shell plc (NYSE:SHEL – Get Rating) by 30.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,396 shares of the energy company’s stock after buying an additional 4,050 shares during the period. Gamco Investors INC. ET AL’s holdings in Shell were worth $991,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the business. Wellington Management Group LLP bought a new position in shares of Shell in the 1st quarter valued at $677,739,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Shell during the first quarter valued at about $549,346,000. Capital Research Global Investors bought a new stake in shares of Shell during the first quarter worth about $262,275,000. Royal Bank of Canada bought a new position in Shell in the 1st quarter valued at approximately $197,426,000. Finally, Northern Trust Corp bought a new stake in Shell during the 1st quarter worth approximately $153,753,000. Institutional investors and hedge funds own 7.74% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have commented on SHEL shares. Piper Sandler cut their target price on Shell from $77.00 to $75.00 in a report on Thursday, May 18th. Berenberg Bank upped their target price on Shell from GBX 2,900 ($36.05) to GBX 3,000 ($37.29) in a report on Friday, February 17th. AlphaValue upgraded shares of Shell to a “reduce” rating in a report on Tuesday, February 28th. Finally, The Goldman Sachs Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research report on Monday, February 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2,526.29.
Shell Stock Down 0.7 %
Shell (NYSE:SHEL – Get Rating) last issued its earnings results on Thursday, May 4th. The energy company reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.48. The business had revenue of $89.02 billion during the quarter. Shell had a return on equity of 20.91% and a net margin of 11.20%. As a group, sell-side analysts forecast that Shell plc will post 9.18 earnings per share for the current fiscal year.
Shell Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 26th. Stockholders of record on Friday, May 19th will be given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend is Thursday, May 18th. Shell’s payout ratio is presently 19.07%.
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 necessary to deliver gas to market.
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