First Eagle Investment Management LLC Purchases 67,371 Shares of Shell plc (NYSE:SHEL)

First Eagle Investment Management LLC grew its stake in Shell plc (NYSE:SHEL) by 16.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 487,840 shares of the energy company’s stock after purchasing an additional 67,371 shares during the period. First Eagle Investment Management LLC’s holdings in Shell were worth $30,563,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SHEL. Nations Financial Group Inc. IA ADV lifted its stake in shares of Shell by 8.3% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 3,209 shares of the energy company’s stock valued at $212,000 after purchasing an additional 247 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Shell by 14.4% in the third quarter. Apollon Wealth Management LLC now owns 22,030 shares of the energy company’s stock worth $1,453,000 after buying an additional 2,766 shares during the period. Pinnacle Financial Partners Inc raised its holdings in shares of Shell by 0.3% in the third quarter. Pinnacle Financial Partners Inc now owns 143,679 shares of the energy company’s stock worth $9,476,000 after buying an additional 481 shares during the period. Schulhoff & Co. Inc. raised its holdings in shares of Shell by 2.7% in the third quarter. Schulhoff & Co. Inc. now owns 10,367 shares of the energy company’s stock worth $684,000 after buying an additional 275 shares during the period. Finally, OneDigital Investment Advisors LLC raised its holdings in shares of Shell by 2.5% in the third quarter. OneDigital Investment Advisors LLC now owns 7,889 shares of the energy company’s stock worth $520,000 after buying an additional 196 shares during the period. 28.60% of the stock is owned by institutional investors.

Shell Stock Up 0.6 %

Shell stock opened at $67.78 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The stock has a market capitalization of $206.13 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 0.98 and a beta of 0.47. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The business has a fifty day moving average price of $66.35 and a 200-day moving average price of $66.32.

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 analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. Equities research analysts forecast that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be given a $0.716 dividend. This is a boost from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.23%. Shell’s dividend payout ratio (DPR) is presently 56.97%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wells Fargo & Company reduced their price objective on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Wolfe Research upgraded 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. Piper Sandler reduced 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. Finally, Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $79.11.

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.