Counterweight Ventures LLC Makes New $209,000 Investment in Shell plc (NYSE:SHEL)

Counterweight Ventures LLC acquired a new position in Shell plc (NYSE:SHEL) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,176 shares of the energy company’s stock, valued at approximately $209,000.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Shell by 29.1% in the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock worth $1,872,666,000 after purchasing an additional 6,554,340 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Shell by 2.1% during the 4th quarter. Fisher Asset Management LLC now owns 22,871,131 shares of the energy company’s stock valued at $1,504,920,000 after buying an additional 477,432 shares during the last quarter. Morgan Stanley grew its position in shares of Shell by 4.3% during the 3rd quarter. Morgan Stanley now owns 9,356,191 shares of the energy company’s stock valued at $602,352,000 after buying an additional 384,967 shares during the last quarter. Wellington Management Group LLP grew its position in Shell by 10.7% in the 3rd quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock worth $562,866,000 after purchasing an additional 848,104 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Shell by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 6,173,651 shares of the energy company’s stock worth $406,226,000 after purchasing an additional 143,910 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

Shares of NYSE:SHEL traded down $0.76 during trading on Friday, reaching $69.00. The company had a trading volume of 4,109,381 shares, compared to its average volume of 3,183,590. The firm’s fifty day moving average is $71.77 and its 200 day moving average is $67.14. The firm has a market capitalization of $219.40 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. Shell plc has a twelve month low of $58.14 and a twelve month high of $74.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.42.

Shell (NYSE:SHEL) last released its earnings results on Thursday, May 2nd. The energy company reported $2.38 EPS for the quarter, beating the consensus estimate of $1.87 by $0.51. Shell had a net margin of 5.83% and a return on equity of 13.83%. The business had revenue of $74.70 billion during the quarter, compared to analyst estimates of $88.03 billion. On average, equities analysts forecast that Shell plc will post 8.37 EPS for the current year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 17th will be paid a dividend of $0.688 per share. The ex-dividend date of this dividend is Thursday, May 16th. This is a positive change from Shell’s previous quarterly dividend of $0.66. This represents a $2.75 annualized dividend and a yield of 3.99%. Shell’s dividend payout ratio is currently 50.74%.

Analysts Set New Price Targets

SHEL has been the subject of several recent analyst reports. Argus upped their target price on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. TD Securities upped their target price on shares of Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Wells Fargo & Company upped their target price on shares of Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Shell has an average rating of “Moderate Buy” and a consensus price target of $69.50.

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.