Shell plc (NYSE:SHEL) Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. reduced its position in Shell plc (NYSE:SHEL) by 4.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,860,539 shares of the energy company’s stock after selling 238,224 shares during the quarter. Shell comprises about 1.7% of Mawer Investment Management Ltd.’s holdings, making the stock its 18th largest position. Mawer Investment Management Ltd.’s holdings in Shell were worth $350,834,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SHEL. Aveo Capital Partners LLC grew its holdings in shares of Shell by 20.0% in the 4th quarter. Aveo Capital Partners LLC now owns 5,376 shares of the energy company’s stock worth $354,000 after acquiring an additional 896 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Shell by 37.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 98,706 shares of the energy company’s stock valued at $6,495,000 after buying an additional 26,729 shares in the last quarter. Johnson Investment Counsel Inc. raised its stake in shares of Shell by 14.4% during the 4th quarter. Johnson Investment Counsel Inc. now owns 24,686 shares of the energy company’s stock worth $1,624,000 after buying an additional 3,103 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Shell by 1.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 49,056 shares of the energy company’s stock valued at $3,228,000 after acquiring an additional 831 shares during the last quarter. Finally, Ieq Capital LLC increased its holdings in Shell by 3.3% during the 4th quarter. Ieq Capital LLC now owns 20,203 shares of the energy company’s stock valued at $1,329,000 after acquiring an additional 639 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Stock Performance

Shares of SHEL stock opened at $67.43 on Tuesday. Shell plc has a one year low of $60.34 and a one year high of $74.61. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. The company has a 50 day moving average price of $71.84 and a 200 day moving average price of $70.43. The firm has a market capitalization of $213.22 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 1.49 and a beta of 0.57.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.82 by $0.15. The firm had revenue of $75.06 billion during the quarter, compared to analyst estimates of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same quarter in the prior year, the business posted $1.50 earnings per share. Sell-side analysts anticipate that Shell plc will post 8.54 EPS for the current year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, August 16th will be issued a $0.688 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.08%. Shell’s dividend payout ratio (DPR) is presently 50.74%.

Analysts Set New Price Targets

SHEL has been the topic of several recent research reports. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Wolfe Research initiated coverage on shares of Shell in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Argus upped their price target on shares of Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Finally, Wells Fargo & Company reduced their price objective on shares of Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

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.