Royal London Asset Management Ltd. Acquires 491 Shares of Shell plc (NYSE:SHEL)

Royal London Asset Management Ltd. boosted its stake in shares of Shell plc (NYSE:SHEL) by 1.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 45,076 shares of the energy company’s stock after buying an additional 491 shares during the period. Royal London Asset Management Ltd.’s holdings in Shell were worth $2,966,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its position in Shell by 29.1% in the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after acquiring an additional 6,554,340 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Shell by 162.9% during the third quarter. Invesco Ltd. now owns 1,763,562 shares of the energy company’s stock worth $113,538,000 after buying an additional 1,092,670 shares in the last quarter. Mawer Investment Management Ltd. raised its position 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 valued at $350,403,000 after buying an additional 885,069 shares during the last quarter. Wellington Management Group LLP boosted its position in 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 last quarter. Finally, L1 Capital Pty Ltd raised its holdings in shares of Shell by 188.7% in the third quarter. L1 Capital Pty Ltd now owns 1,224,617 shares of the energy company’s stock valued at $78,841,000 after purchasing an additional 800,365 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SHEL. Wells Fargo & Company increased their target price on shares of Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. TD Securities lifted their target price on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Argus increased their price target on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.50.

Shell Stock Performance

Shares of SHEL stock traded down $0.76 on Friday, reaching $69.00. The stock had a trading volume of 4,109,381 shares, compared to its average volume of 3,183,590. Shell plc has a 12 month low of $58.14 and a 12 month high of $74.61. The firm has a market capitalization of $219.40 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 1.77 and a beta of 0.60. The firm’s 50-day moving average is $71.77 and its two-hundred day moving average is $67.14. The company has a quick ratio of 1.14, a current ratio of 1.42 and a debt-to-equity ratio of 0.37.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, May 2nd. The energy company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.51. The firm had revenue of $74.70 billion for the quarter, compared to analyst estimates of $88.03 billion. Shell had a return on equity of 13.83% and a net margin of 5.83%. On average, research analysts expect that Shell plc will post 8.37 EPS for the current fiscal year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, May 17th will be issued a $0.688 dividend. This is an increase from Shell’s previous quarterly dividend of $0.66. This represents a $2.75 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Thursday, May 16th. Shell’s payout ratio is currently 50.74%.

About Shell

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.