Cornerstone Select Advisors LLC Makes New $1.91 Million Investment in Shell plc (NYSE:SHEL)

Cornerstone Select Advisors LLC bought a new position in shares of Shell plc (NYSE:SHEL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 30,407 shares of the energy company's stock, valued at approximately $1,905,000. Shell comprises approximately 1.8% of Cornerstone Select Advisors LLC's investment portfolio, making the stock its 11th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. World Investment Advisors LLC raised its holdings in shares of Shell by 37.0% during the 3rd quarter. World Investment Advisors LLC now owns 5,594 shares of the energy company's stock worth $369,000 after acquiring an additional 1,512 shares during the period. CWA Asset Management Group LLC boosted its holdings in shares of Shell by 28.0% in the fourth quarter. CWA Asset Management Group LLC now owns 18,133 shares of the energy company's stock valued at $1,136,000 after acquiring an additional 3,970 shares during the period. Doliver Advisors LP raised its stake in shares of Shell by 5.2% during the fourth quarter. Doliver Advisors LP now owns 3,632 shares of the energy company's stock worth $228,000 after purchasing an additional 180 shares during the last quarter. InvesTrust purchased a new stake in shares of Shell during the fourth quarter worth approximately $4,965,000. Finally, First Hawaiian Bank raised its stake in shares of Shell by 6.6% during the fourth quarter. First Hawaiian Bank now owns 37,500 shares of the energy company's stock worth $2,349,000 after purchasing an additional 2,321 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on SHEL shares. Barclays reiterated an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Royal Bank of Canada reaffirmed an "outperform" rating on shares of Shell in a research note on Wednesday, March 26th. TD Cowen decreased their price objective on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Scotiabank decreased their price target on Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Finally, Wells Fargo & Company decreased their price target on Shell from $83.00 to $80.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $77.35.

Shell Stock Up 0.2%

Shares of NYSE:SHEL traded up $0.10 during mid-day trading on Monday, hitting $66.25. 2,661,701 shares of the company traded hands, compared to its average volume of 4,316,822. The firm has a market cap of $199.28 billion, a P/E ratio of 13.21, a PEG ratio of 0.98 and a beta of 0.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. Shell plc has a 52-week low of $58.55 and a 52-week high of $74.61. The firm's 50 day simple moving average is $66.74 and its 200 day simple moving average is $65.84.

Shell (NYSE:SHEL - Get Free Report) last announced its earnings results on Friday, May 2nd. The energy company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.54 by $0.30. Shell had a return on equity of 12.75% and a net margin of 5.57%. The business had revenue of $69.23 billion for the quarter, compared to the consensus estimate of $79.18 billion. During the same period last year, the business posted $2.40 EPS. On average, equities analysts anticipate that Shell plc will post 7.67 EPS for the current year.

Shell declared that its board has initiated a share buyback plan on Friday, May 2nd that authorizes the company to buyback $3.50 billion in shares. This buyback authorization authorizes the energy company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, May 16th will be given a $0.716 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 4.32%. Shell's payout ratio is 65.90%.

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.