Lloyd Harbor Capital Management LLC Invests $20.05 Million in Shell plc (NYSE:SHEL)

Lloyd Harbor Capital Management LLC bought a new position in shares of Shell plc (NYSE:SHEL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 320,000 shares of the energy company's stock, valued at approximately $20,048,000. Shell comprises 13.1% of Lloyd Harbor Capital Management LLC's investment portfolio, making the stock its 2nd biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of Shell by 51.7% in the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after acquiring an additional 2,545 shares during the period. Private Advisor Group LLC grew its position in Shell by 0.9% in the 4th quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company's stock valued at $2,078,000 after buying an additional 301 shares during the last quarter. Barclays PLC raised its position in Shell by 136.2% during the 4th quarter. Barclays PLC now owns 7,824 shares of the energy company's stock worth $490,000 after buying an additional 4,512 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Shell by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 199,856 shares of the energy company's stock valued at $12,521,000 after acquiring an additional 14,937 shares in the last quarter. Finally, HF Advisory Group LLC increased its stake in shares of Shell by 15.8% during the fourth quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company's stock worth $1,852,000 after acquiring an additional 4,028 shares during the period. 28.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on SHEL. TD Securities reaffirmed a "buy" rating on shares of Shell in a report on Friday, April 4th. Royal Bank of Canada reaffirmed an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. TD Cowen reduced their target price on Shell from $82.00 to $76.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Barclays reiterated an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Finally, Wells Fargo & Company decreased their price objective on shares of Shell from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $78.35.

Shell Price Performance

Shares of SHEL traded up $0.30 during trading hours on Thursday, reaching $67.39. 2,669,835 shares of the company traded hands, compared to its average volume of 4,321,117. The stock has a fifty day simple moving average of $66.79 and a 200 day simple moving average of $65.86. Shell plc has a fifty-two week low of $58.55 and a fifty-two week high of $74.46. The stock has a market capitalization of $202.71 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.30. The business had revenue of $69.23 billion during the quarter, compared to analyst estimates of $79.18 billion. Shell had a net margin of 5.57% and a return on equity of 12.75%. During the same quarter in the previous year, the business posted $2.40 earnings per share. As a group, research analysts predict that Shell plc will post 7.67 EPS for the current fiscal year.

Shell declared that its Board of Directors has authorized a stock repurchase program on Friday, May 2nd that permits the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization permits the energy company to purchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, May 16th will be given a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.86 annualized dividend and a yield of 4.25%. Shell's dividend payout ratio (DPR) is presently 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.