Howland Capital Management LLC Has $1.51 Million Stake in Shell plc (NYSE:SHEL)

by · The Cerbat Gem

Howland Capital Management LLC decreased its position in Shell plc (NYSE:SHEL – Free Report) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,400 shares of the energy company’s stock after selling 175 shares during the quarter. Howland Capital Management LLC’s holdings in Shell were worth $1,506,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC grew its holdings in shares of Shell by 96,141.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 14,370,746 shares of the energy company’s stock valued at $818,414,000 after acquiring an additional 14,355,814 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Shell in the 1st quarter valued at about $677,739,000. Norges Bank bought a new position in shares of Shell in the 4th quarter valued at about $658,071,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Shell in the 1st quarter valued at about $549,346,000. Finally, Pale Fire Capital SE bought a new position in shares of Shell in the 2nd quarter valued at about $327,997,000. Institutional investors and hedge funds own 9.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas cut Shell from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $1,031.33.

Check Out Our Latest Research Report on Shell

Shell Stock Performance

Shell stock traded up $0.16 during midday trading on Monday, reaching $65.81. 3,487,200 shares of the company’s stock were exchanged, compared to its average volume of 4,966,285. Shell plc has a 52 week low of $52.47 and a 52 week high of $68.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.17 and a current ratio of 1.48. The firm has a market cap of $218.69 billion, a price-to-earnings ratio of 7.80, a P/E/G ratio of 0.83 and a beta of 0.62. The stock’s 50-day simple moving average is $65.75 and its 200 day simple moving average is $63.36.

Shell (NYSE:SHEL – Get Free Report) last issued its quarterly earnings data on Thursday, November 2nd. The energy company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.01. Shell had a return on equity of 15.91% and a net margin of 8.51%. The company had revenue of $78.01 billion during the quarter. On average, analysts expect that Shell plc will post 8.36 earnings per share for the current fiscal year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Friday, November 17th were issued a dividend of $0.662 per share. This represents a $2.65 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend was Thursday, November 16th. Shell’s dividend payout ratio is presently 31.28%.

About Shell

(Free Report)

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 necessary to deliver gas to market.

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