Bayesian Capital Management LP Boosts Stake in Shell plc (NYSE:SHEL)

Bayesian Capital Management LP grew its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 244.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,000 shares of the energy company's stock after buying an additional 29,800 shares during the period. Bayesian Capital Management LP's holdings in Shell were worth $2,631,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SHEL. Valley National Advisers Inc. lifted its position in Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock valued at $27,000 after purchasing an additional 400 shares during the last quarter. CoreFirst Bank & Trust purchased a new position in shares of Shell in the 4th quarter worth about $28,000. Human Investing LLC bought a new position in Shell during the fourth quarter valued at approximately $31,000. Transce3nd LLC bought a new stake in Shell in the fourth quarter worth $34,000. Finally, Millstone Evans Group LLC purchased a new stake in Shell during the 4th quarter valued at about $36,000. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Down 0.1 %

Shares of Shell stock traded down $0.06 on Wednesday, reaching $65.05. The company's stock had a trading volume of 3,616,179 shares, compared to its average volume of 4,319,840. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $195.66 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 0.98 and a beta of 0.38. The firm's fifty day simple moving average is $66.82 and its two-hundred day simple moving average is $65.87. Shell plc has a 52 week low of $58.55 and a 52 week high of $74.61.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.30. Shell had a net margin of 5.57% and a return on equity of 12.75%. The firm had revenue of $69.23 billion during the quarter, compared to analysts' expectations of $79.18 billion. During the same period in the previous year, the company earned $2.40 earnings per share. Equities analysts anticipate that Shell plc will post 7.67 earnings per share for the current year.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, May 16th will be given a $0.716 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.86 annualized dividend and a yield of 4.40%. Shell's payout ratio is 65.90%.

Shell declared that its board has initiated a share repurchase program on Friday, May 2nd that allows the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization allows the energy company to buy up to 1.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SHEL shares. Royal Bank of Canada restated an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. UBS Group upgraded shares of Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on shares of Shell from $83.00 to $80.00 and set an "overweight" rating for the company in a report on Monday. TD Cowen dropped their target price on shares of Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, TD Securities restated a "buy" rating on shares of Shell in a research note on Friday, April 4th. 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's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $77.35.

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.