South Dakota Investment Council Lowers Stake in Shell plc (NYSE:SHEL)

South Dakota Investment Council lowered its position in shares of Shell plc (NYSE:SHEL) by 4.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 229,673 shares of the energy company’s stock after selling 10,900 shares during the quarter. South Dakota Investment Council’s holdings in Shell were worth $15,112,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of SHEL. GAMMA Investing LLC purchased a new position in Shell in the fourth quarter valued at about $205,000. PDS Planning Inc lifted its position in Shell by 5.7% during the 4th quarter. PDS Planning Inc now owns 8,540 shares of the energy company’s stock worth $562,000 after acquiring an additional 462 shares in the last quarter. RWA Wealth Partners LLC acquired a new stake in Shell in the fourth quarter valued at approximately $418,000. Jennison Associates LLC lifted its position in shares of Shell by 3.2% during the fourth quarter. Jennison Associates LLC now owns 1,128,216 shares of the energy company’s stock worth $74,237,000 after purchasing an additional 34,459 shares in the last quarter. Finally, Capital Investment Advisory Services LLC grew its holdings in Shell by 25.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 4,442 shares of the energy company’s stock valued at $292,000 after purchasing an additional 906 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet raised shares of Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th.

Shell Stock Up 0.5 %

Shares of NYSE:SHEL traded up $0.37 during midday trading on Tuesday, reaching $72.76. The company had a trading volume of 3,239,727 shares, compared to its average volume of 4,761,137. The stock has a market capitalization of $234.11 billion, a P/E ratio of 12.79, a PEG ratio of 2.22 and a beta of 0.62. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.40 and a quick ratio of 1.13. Shell plc has a one year low of $55.78 and a one year high of $73.94. The stock’s fifty day moving average price is $66.85 and its 200-day moving average price is $65.66.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. Shell had a return on equity of 14.69% and a net margin of 5.99%. The business had revenue of $80.13 billion during the quarter, compared to the consensus estimate of $89.59 billion. During the same period last year, the firm earned $2.76 earnings per share. Equities research analysts expect that Shell plc will post 8.12 earnings per share for the current fiscal year.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, February 16th were issued a $0.662 dividend. This represents a $2.65 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Thursday, February 15th. Shell’s dividend payout ratio is presently 48.59%.

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.