Shell plc (NYSE:SHEL) Shares Sold by Mather Group LLC.

Mather Group LLC. reduced its stake in Shell plc (NYSE:SHEL) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,174 shares of the energy company’s stock after selling 476 shares during the period. Mather Group LLC.’s holdings in Shell were worth $1,001,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SHEL. Empyrean Capital Partners LP acquired a new stake in shares of Shell during the second quarter valued at about $151,578,000. Mondrian Investment Partners LTD grew its stake in shares of Shell by 83.2% during the first quarter. Mondrian Investment Partners LTD now owns 2,187,872 shares of the energy company’s stock valued at $146,675,000 after acquiring an additional 993,342 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Shell by 13.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock worth $450,180,000 after purchasing an additional 772,736 shares during the last quarter. Raymond James & Associates lifted its position in shares of Shell by 65.7% during the second quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock worth $122,579,000 after purchasing an additional 673,624 shares during the last quarter. Finally, Senator Investment Group LP bought a new position in shares of Shell during the first quarter worth about $42,775,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SHEL shares. Wolfe Research started coverage on shares of Shell in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Barclays raised shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Scotiabank cut their target price on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Finally, Citigroup raised shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Shell has a consensus rating of “Moderate Buy” and a consensus target price of $84.50.

Shell Price Performance

Shares of NYSE:SHEL opened at $68.22 on Thursday. The firm’s 50 day moving average is $69.72 and its two-hundred day moving average is $70.87. Shell plc has a 52 week low of $60.34 and a 52 week high of $74.61. The firm has a market capitalization of $215.72 billion, a P/E ratio of 12.59, a PEG ratio of 1.56 and a beta of 0.56. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.56%. The company had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. During the same quarter last year, the business earned $1.50 earnings per share. Analysts anticipate that Shell plc will post 8.44 earnings per share for the current year.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were paid a $0.688 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 4.03%. 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.