Sapient Capital LLC Cuts Holdings in Shell plc (NYSE:SHEL)

Sapient Capital LLC decreased its holdings in Shell plc (NYSE:SHEL) by 0.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 224,513 shares of the energy company’s stock after selling 363 shares during the quarter. Sapient Capital LLC’s holdings in Shell were worth $14,807,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SHEL. Empyrean Capital Partners LP bought a new position in shares of Shell in the 2nd quarter worth approximately $151,578,000. Mondrian Investment Partners LTD increased its stake in shares of Shell by 83.2% in the 1st quarter. Mondrian Investment Partners LTD now owns 2,187,872 shares of the energy company’s stock worth $146,675,000 after purchasing an additional 993,342 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in 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 valued at $450,180,000 after purchasing an additional 772,736 shares in the last quarter. Raymond James & Associates increased its position in Shell by 65.7% in the second quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock worth $122,579,000 after buying an additional 673,624 shares in the last quarter. Finally, Senator Investment Group LP bought a new position in shares of Shell in the first quarter worth about $42,775,000. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shares of Shell stock opened at $68.12 on Monday. 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 plc has a 12 month low of $60.34 and a 12 month high of $74.61. The stock has a 50 day moving average of $69.58 and a 200 day moving average of $70.89. The firm has a market cap of $215.40 billion, a PE ratio of 12.64, a PEG ratio of 1.57 and a beta of 0.56.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.56%. The firm had revenue of $75.06 billion during the quarter, compared to analyst estimates of $88.62 billion. During the same period last year, the firm posted $1.50 earnings per share. On average, research analysts expect that Shell plc will post 8.44 EPS for the current fiscal year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, August 16th were given a $0.688 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.75 annualized dividend and a yield of 4.04%. Shell’s dividend payout ratio is currently 50.74%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SHEL shares. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Scotiabank decreased their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday. Wolfe Research assumed coverage on Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Barclays upgraded Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Citigroup upgraded Shell to a “hold” rating in a research 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $82.00.

Shell Company 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.