Shell plc (NYSE:SHEL) Shares Acquired by Bridgewater Associates LP

Bridgewater Associates LP boosted its stake in shares of Shell plc (NYSE:SHEL) by 523.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 831,000 shares of the energy company’s stock after acquiring an additional 697,806 shares during the quarter. Bridgewater Associates LP’s holdings in Shell were worth $52,062,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. LaSalle St. Investment Advisors LLC lifted its stake in shares of Shell by 17.6% in the 4th quarter. LaSalle St. Investment Advisors LLC now owns 7,973 shares of the energy company’s stock valued at $499,000 after purchasing an additional 1,193 shares during the period. Broyhill Asset Management purchased a new stake in shares of Shell during the 4th quarter worth about $266,000. CreativeOne Wealth LLC grew its position in shares of Shell by 6.8% during the 4th quarter. CreativeOne Wealth LLC now owns 8,888 shares of the energy company’s stock valued at $557,000 after acquiring an additional 564 shares during the period. Barclays PLC raised its holdings in Shell by 136.2% in the 4th quarter. Barclays PLC now owns 7,824 shares of the energy company’s stock worth $490,000 after purchasing an additional 4,512 shares during the period. Finally, Savvy Advisors Inc. purchased a new position in Shell during the fourth quarter worth approximately $594,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on SHEL shares. TD Cowen reduced their target price on Shell from $82.00 to $76.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Friday, January 3rd. TD Securities reissued a “buy” rating on shares of Shell in a research note on Friday, April 4th. Wells Fargo & Company cut their price objective on Shell from $87.00 to $83.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Piper Sandler decreased their target price 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 research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $77.73.

Shell Trading Up 0.5 %

Shares of SHEL opened at $62.42 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $67.48 and a 200 day moving average price of $66.18. Shell plc has a 12-month low of $58.55 and a 12-month high of $74.61. The firm has a market capitalization of $188.74 billion, a P/E ratio of 12.43, a P/E/G ratio of 0.98 and a beta of 0.27.

Shell (NYSE:SHEL) last released its quarterly 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 net margin of 5.57% and a return on equity of 12.75%. Sell-side analysts forecast that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were issued a $0.716 dividend. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.59%. The ex-dividend date was Friday, February 14th. Shell’s payout ratio is 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.