15,590 Shares in Shell plc (NYSE:SHEL) Acquired by Sweeney & Michel LLC

Sweeney & Michel LLC acquired a new stake in shares of Shell plc (NYSE:SHEL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,590 shares of the energy company's stock, valued at approximately $1,142,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHEL. Brighton Jones LLC boosted its position in shares of Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after buying an additional 2,545 shares during the last quarter. Private Advisor Group LLC boosted its position in Shell by 0.9% in the fourth quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company's stock worth $2,078,000 after purchasing an additional 301 shares during the last quarter. Barclays PLC boosted its position in Shell by 136.2% in the fourth quarter. Barclays PLC now owns 7,824 shares of the energy company's stock worth $490,000 after purchasing an additional 4,512 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Shell by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 199,856 shares of the energy company's stock worth $12,521,000 after purchasing an additional 14,937 shares during the last quarter. Finally, Lockheed Martin Investment Management Co. boosted its position in Shell by 266.1% in the fourth quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company's stock worth $7,645,000 after purchasing an additional 88,700 shares during the last quarter. Institutional investors own 28.60% of the company's stock.

Shell Stock Performance

Shares of NYSE:SHEL traded up $0.39 during midday trading on Thursday, reaching $67.66. 1,857,430 shares of the company traded hands, compared to its average volume of 4,289,915. 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 plc has a 12 month low of $58.55 and a 12 month high of $74.46. The firm has a market capitalization of $202.23 billion, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38. The firm's fifty day moving average price is $65.68 and its two-hundred day moving average price is $65.85.

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

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, May 16th will be paid a $0.716 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 4.23%. Shell's dividend payout ratio is currently 65.90%.

Shell declared that its Board of Directors has approved a stock repurchase plan on Friday, May 2nd that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the energy company to repurchase up to 1.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SHEL. Barclays reissued an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Scotiabank dropped their price target on Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Hsbc Global Res raised Shell to a "strong-buy" rating in a research report on Tuesday, May 13th. TD Cowen dropped their price target on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Piper Sandler upped their price target on Shell from $72.00 to $80.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Shell has a consensus rating of "Buy" and an average target price of $78.35.

About Shell

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.