Fidelis Capital Partners LLC Increases Stock Holdings in Shell plc (NYSE:SHEL)

Fidelis Capital Partners LLC lifted its position in Shell plc (NYSE:SHEL) by 42.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,882 shares of the energy company’s stock after purchasing an additional 1,764 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Shell were worth $387,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Private Trust Co. NA lifted its position in Shell by 14.7% in the fourth quarter. Private Trust Co. NA now owns 10,532 shares of the energy company’s stock valued at $693,000 after buying an additional 1,348 shares during the last quarter. FMR LLC lifted its position in Shell by 29.1% in the third quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after buying an additional 6,554,340 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Shell by 5.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 109,843 shares of the energy company’s stock valued at $7,228,000 after buying an additional 6,138 shares during the last quarter. LPL Financial LLC lifted its position in shares of Shell by 11.0% during the third quarter. LPL Financial LLC now owns 633,287 shares of the energy company’s stock worth $40,771,000 after purchasing an additional 62,792 shares in the last quarter. Finally, Synovus Financial Corp lifted its position in shares of Shell by 16.2% during the third quarter. Synovus Financial Corp now owns 71,350 shares of the energy company’s stock worth $4,594,000 after purchasing an additional 9,924 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Performance

Shares of Shell stock opened at $72.08 on Friday. The firm has a market capitalization of $231.93 billion, a P/E ratio of 12.74, a P/E/G ratio of 2.17 and a beta of 0.62. Shell plc has a 52 week low of $55.78 and a 52 week high of $73.94. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.38. The firm’s 50 day moving average is $66.52 and its two-hundred day moving average is $65.49.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, beating the consensus estimate of $1.94 by $0.28. The company had revenue of $80.13 billion for the quarter, compared to analyst estimates of $89.59 billion. Shell had a net margin of 5.99% and a return on equity of 14.69%. During the same period in the prior year, the firm posted $2.76 earnings per share. Research analysts forecast that Shell plc will post 8.18 EPS for the current fiscal year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were given a dividend of $0.662 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 3.67%. Shell’s dividend payout ratio (DPR) is presently 48.59%.

Wall Street Analysts Forecast Growth

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

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.