O Shaughnessy Asset Management LLC Has $13.58 Million Stock Position in Shell plc (NYSE:SHEL)

O Shaughnessy Asset Management LLC lessened its stake in Shell plc (NYSE:SHEL) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 216,782 shares of the energy company’s stock after selling 11,234 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Shell were worth $13,581,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHEL. Raymond James Financial Inc. acquired a new stake in shares of Shell in the 4th quarter valued at approximately $91,716,000. Holocene Advisors LP grew its holdings in shares of Shell by 29.8% in the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock valued at $248,870,000 after buying an additional 866,954 shares during the period. Merewether Investment Management LP raised its stake in Shell by 41.0% during the 3rd quarter. Merewether Investment Management LP now owns 1,544,764 shares of the energy company’s stock worth $101,877,000 after buying an additional 449,000 shares during the period. Fisher Asset Management LLC lifted its holdings in Shell by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company’s stock worth $1,562,412,000 after acquiring an additional 408,088 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Shell by 16,663.4% in the fourth quarter. SG Americas Securities LLC now owns 307,440 shares of the energy company’s stock worth $19,261,000 after acquiring an additional 305,606 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SHEL shares. 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. TD Cowen began coverage on shares of Shell in a report on Wednesday, March 19th. They issued a “buy” rating and a $81.00 price target for the company. TD Securities raised their price objective on shares of Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, March 19th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Shell in a research note on Wednesday. Finally, UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Shell currently has an average rating of “Buy” and a consensus target price of $80.10.

Shell Stock Down 0.7 %

NYSE:SHEL opened at $72.74 on Monday. The firm has a market capitalization of $219.95 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. 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 plc has a twelve month low of $60.15 and a twelve month high of $74.61. The stock’s 50 day moving average price is $67.68 and its two-hundred day moving average price is $66.42.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. Equities research analysts expect that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were paid a dividend of $0.716 per share. This is an increase from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Friday, February 14th. Shell’s payout ratio 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.