GQG Partners LLC Has $419,000 Position in Shell plc (NYSE:SHEL)

GQG Partners LLC trimmed its stake in shares of Shell plc (NYSE:SHEL) by 4.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 6,694 shares of the energy company’s stock after selling 321 shares during the quarter. GQG Partners LLC’s holdings in Shell were worth $419,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SHEL. Valley National Advisers Inc. increased its holdings in Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after buying an additional 400 shares during the period. CoreFirst Bank & Trust acquired a new stake in shares of Shell during the 4th quarter worth approximately $28,000. Human Investing LLC acquired a new position in Shell during the fourth quarter valued at approximately $31,000. Brooklyn Investment Group acquired a new stake in shares of Shell in the 3rd quarter valued at $35,000. Finally, Millstone Evans Group LLC bought a new position in shares of Shell in the 4th quarter valued at $36,000. Institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

Shares of SHEL stock opened at $71.33 on Tuesday. The stock has a market capitalization of $215.69 billion, a PE ratio of 14.21, a PEG ratio of 0.98 and a beta of 0.47. The business’s 50 day simple moving average is $67.17 and its 200 day simple moving average is $66.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. Shell plc has a one year low of $60.15 and a one year high of $74.61.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share 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, research analysts forecast that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were given a dividend of $0.716 per share. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date was Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 4.02%. Shell’s dividend payout ratio is presently 56.97%.

Analysts Set New Price Targets

A number of research firms have issued reports on SHEL. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Wells Fargo & Company decreased 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 raised shares of Shell from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $66.50 to $79.80 in a research note 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. 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 report on Thursday, December 19th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $79.48.

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.