SG Americas Securities LLC Boosts Position in Shell plc (NYSE:SHEL)

SG Americas Securities LLC boosted its stake in shares of Shell plc (NYSE:SHEL) by 16,663.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 307,440 shares of the energy company’s stock after acquiring an additional 305,606 shares during the quarter. SG Americas Securities LLC’s holdings in Shell were worth $19,261,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SHEL. FMR LLC boosted its stake in shares of Shell by 5.2% during the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock worth $4,306,465,000 after acquiring an additional 3,255,347 shares in the last quarter. Fisher Asset Management LLC grew its stake in Shell by 2.1% in the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock valued at $1,617,796,000 after acquiring an additional 507,311 shares during the period. Franklin Resources Inc. raised its position in Shell by 0.9% during the third quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock worth $408,430,000 after acquiring an additional 55,637 shares during the period. Mawer Investment Management Ltd. lifted its holdings in Shell by 8.7% during the third quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock valued at $348,405,000 after purchasing an additional 422,329 shares in the last quarter. Finally, Holocene Advisors LP increased its stake in shares of Shell by 29.8% during the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock worth $248,870,000 after purchasing an additional 866,954 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Stock Down 1.2 %

Shares of NYSE SHEL opened at $65.96 on Thursday. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The company has a market capitalization of $201.69 billion, a P/E ratio of 13.57, a P/E/G ratio of 5.96 and a beta of 0.55. The company has a 50 day simple moving average of $64.22 and a 200-day simple moving average of $67.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.20. The company had revenue of $72.46 billion for the quarter, compared to the consensus estimate of $84.58 billion. Shell had a return on equity of 14.54% and a net margin of 5.17%. During the same quarter in the previous year, the business earned $1.86 earnings per share. On average, equities research analysts predict that Shell plc will post 8.16 earnings per share for the current year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were paid a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio (DPR) is 56.58%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SHEL. Citigroup upgraded Shell to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Friday, January 3rd. Wells Fargo & Company reduced their target price on shares of Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Finally, UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Shell presently has a consensus rating of “Buy” and a consensus price target of $79.69.

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.