Shell plc (NYSE:SHEL) Stock Position Decreased by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. lowered its position in Shell plc (NYSE:SHEL) by 2.6% during the fourth quarter, according to its most recent Form 13F filing 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 largest holding. Mawer Investment Management Ltd.’s holdings in Shell were worth $322,375,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHEL. Charles Schwab Investment Management Inc. raised its holdings in shares of Shell by 11.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,919 shares of the energy company’s stock valued at $12,195,000 after purchasing an additional 18,725 shares in the last quarter. Brooklyn Investment Group bought a new position in Shell during the third quarter valued at about $35,000. CreativeOne Wealth LLC lifted its position in shares of Shell by 5.3% in the third quarter. CreativeOne Wealth LLC now owns 8,324 shares of the energy company’s stock worth $549,000 after buying an additional 417 shares during the last quarter. Financial Counselors Inc. boosted its stake in shares of Shell by 1.6% during the 3rd quarter. Financial Counselors Inc. now owns 23,088 shares of the energy company’s stock worth $1,523,000 after acquiring an additional 363 shares in the last quarter. Finally, Icon Wealth Advisors LLC raised its stake in shares of 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 acquiring an additional 1,408 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Trading Down 0.7 %

Shell stock opened at $72.74 on Friday. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61. The stock 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. The business has a 50 day moving average price of $67.68 and a two-hundred day moving average price of $66.42. 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 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%. As a group, equities analysts forecast that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The firm also recently declared 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 yield of 3.94%. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio is 56.97%.

Wall Street Analyst Weigh In

SHEL has been the subject of a number of recent analyst reports. TD Securities upped their target price on Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, March 19th. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. TD Cowen initiated coverage on shares of Shell in a research report on Wednesday, March 19th. They set a “buy” rating and a $81.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating on shares of Shell in a research note on Wednesday. Finally, Wells Fargo & Company raised their target price on Shell from $81.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $80.10.

Shell 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.