Forum Financial Management LP Has $2.56 Million Stock Holdings in Shell plc (NYSE:SHEL)

Forum Financial Management LP boosted its stake in Shell plc (NYSE:SHEL) by 28.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,916 shares of the energy company’s stock after purchasing an additional 9,028 shares during the quarter. Forum Financial Management LP’s holdings in Shell were worth $2,563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased its stake in Shell by 32.3% in the fourth quarter. FMR LLC now owns 86,417,177 shares of the energy company’s stock valued at $5,414,036,000 after acquiring an additional 21,118,234 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Shell in the 4th quarter valued at $91,716,000. Bridgewater Associates LP lifted its position in shares of Shell by 523.9% during the 4th quarter. Bridgewater Associates LP now owns 831,000 shares of the energy company’s stock worth $52,062,000 after buying an additional 697,806 shares during the last quarter. Fisher Asset Management LLC grew its position in Shell by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company’s stock valued at $1,562,412,000 after acquiring an additional 408,088 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of Shell by 236.4% in the fourth quarter. National Bank of Canada FI now owns 445,422 shares of the energy company’s stock worth $27,906,000 after acquiring an additional 313,018 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on SHEL. Scotiabank lowered their price objective on shares of Shell from $75.00 to $70.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Barclays reissued an “overweight” rating on shares of Shell in a report on Wednesday, March 26th. TD Securities reaffirmed a “buy” rating on shares of Shell in a report on Friday, April 4th. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company cut their target price on shares of Shell from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $77.73.

Shell Trading Up 1.5 %

SHEL opened at $65.01 on Friday. The stock has a market cap of $196.58 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.98 and a beta of 0.27. 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 $58.55 and a twelve month high of $74.61. The company has a fifty day moving average of $67.31 and a 200-day moving average of $66.12.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (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%. On average, sell-side analysts predict that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were given a $0.716 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.86 annualized dividend and a yield of 4.41%. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is presently 56.97%.

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.