Leuthold Group LLC Sells 468 Shares of Shell plc (NYSE:SHEL)

Leuthold Group LLC lessened its holdings in Shell plc (NYSE:SHEL) by 0.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,672 shares of the energy company’s stock after selling 468 shares during the quarter. Leuthold Group LLC’s holdings in Shell were worth $7,621,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Mawer Investment Management Ltd. raised its holdings in Shell by 19.9% in the 4th quarter. Mawer Investment Management Ltd. now owns 5,325,276 shares of the energy company’s stock worth $350,403,000 after purchasing an additional 885,069 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Shell by 10.7% during the 3rd quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock worth $562,866,000 after acquiring an additional 848,104 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of Shell by 130.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,400,186 shares of the energy company’s stock valued at $92,132,000 after purchasing an additional 793,136 shares during the period. Sapient Capital LLC bought a new position in Shell in the fourth quarter worth $35,420,000. Finally, Fisher Asset Management LLC boosted its holdings in shares of Shell by 2.1% during the 4th quarter. Fisher Asset Management LLC now owns 22,871,131 shares of the energy company’s stock valued at $1,504,920,000 after buying an additional 477,432 shares in the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Stock Up 0.4 %

Shares of SHEL stock traded up $0.29 during mid-day trading on Friday, hitting $73.26. The company’s stock had a trading volume of 1,015,929 shares, compared to its average volume of 4,263,999. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.42. Shell plc has a 52-week low of $59.51 and a 52-week high of $74.61. The stock has a market cap of $231.65 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 1.84 and a beta of 0.59. The business has a 50-day moving average price of $71.58 and a 200 day moving average price of $68.04.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, May 2nd. The energy company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.51. The firm had revenue of $74.70 billion for the quarter, compared to the consensus estimate of $88.03 billion. Shell had a net margin of 5.83% and a return on equity of 13.83%. Research analysts predict that Shell plc will post 8.55 EPS for the current fiscal year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, May 17th were issued a $0.688 dividend. This is an increase from Shell’s previous quarterly dividend of $0.66. The ex-dividend date was Thursday, May 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.76%. Shell’s dividend payout ratio (DPR) is presently 50.74%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Argus lifted their target price on shares of Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Wells Fargo & Company lowered their price objective on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, June 21st. Finally, TD Securities raised their price target on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.25.

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.