New Republic Capital LLC Lowers Holdings in Shell plc (NYSE:SHEL)

New Republic Capital LLC trimmed its holdings in shares of Shell plc (NYSE:SHEL) by 16.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,155 shares of the energy company’s stock after selling 1,001 shares during the quarter. New Republic Capital LLC’s holdings in Shell were worth $323,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. Brighton Jones LLC lifted its stake in Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after purchasing an additional 2,545 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its position in Shell by 6.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock worth $247,000 after buying an additional 225 shares during the last quarter. HF Advisory Group LLC grew its position in Shell by 15.8% during the fourth quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock valued at $1,852,000 after acquiring an additional 4,028 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Shell by 1.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock worth $206,116,000 after acquiring an additional 46,293 shares during the last quarter. Finally, Lockheed Martin Investment Management Co. raised its position in Shell by 266.1% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company’s stock worth $7,645,000 after purchasing an additional 88,700 shares during the period. Institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wolfe Research upgraded 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. Wells Fargo & Company cut their price target on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, Piper Sandler cut their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $79.11.

Shell Stock Performance

Shares of NYSE SHEL opened at $66.13 on Tuesday. The company has a market cap of $202.19 billion, a PE ratio of 13.17, a PEG ratio of 0.98 and a beta of 0.54. The firm’s 50-day moving average price is $64.29 and its 200-day moving average price is $67.07. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. 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 released its quarterly earnings results 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%. As a group, analysts anticipate that Shell plc will post 7.46 EPS for the current year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be given a dividend of $0.716 per share. The ex-dividend date is Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.33%. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is currently 56.97%.

Shell Company 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.