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

SG Americas Securities LLC raised its position in Shell plc (NYSE:SHEL) by 16,663.4% in the 4th quarter, HoldingsChannel.com reports. The fund 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 quarter.

Several other hedge funds have also made changes to their positions in the business. NorthCrest Asset Manangement LLC increased its holdings in Shell by 6.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock worth $247,000 after purchasing an additional 225 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of Shell by 1.5% during the third quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock worth $206,116,000 after buying an additional 46,293 shares during the period. HF Advisory Group LLC raised its holdings in Shell by 15.8% in 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 in the last quarter. Creative Planning grew its holdings in Shell by 11.3% during the 2nd quarter. Creative Planning now owns 292,587 shares of the energy company’s stock worth $21,119,000 after acquiring an additional 29,677 shares in the last quarter. Finally, Mawer Investment Management Ltd. increased its position in shares of Shell by 8.7% in the 3rd 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 during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

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

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

Shell Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 4.17%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio (DPR) is presently 56.58%.

Wall Street Analyst Weigh In

SHEL has been the topic of several recent analyst reports. Scotiabank dropped their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Piper Sandler decreased their target price on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Barclays upgraded shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Citigroup upgraded shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Finally, Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Friday, January 3rd. One equities research 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’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $79.69.

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.