4,214 Shares in Shell plc (NYSE:SHEL) Acquired by Ameriflex Group Inc.

Ameriflex Group Inc. bought a new stake in shares of Shell plc (NYSE:SHEL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,214 shares of the energy company's stock, valued at approximately $277,000.

A number of other institutional investors have also recently modified their holdings of the stock. Valley National Advisers Inc. increased its stake in Shell by 930.2% during the 4th 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 in the last quarter. CoreFirst Bank & Trust bought a new stake in Shell during the 4th quarter worth approximately $28,000. Human Investing LLC bought a new stake in Shell during the fourth quarter worth $31,000. Transce3nd LLC bought a new stake in Shell during the fourth quarter worth $34,000. Finally, Millstone Evans Group LLC bought a new stake in Shell during the fourth quarter worth $36,000. 28.60% of the stock is currently owned by institutional investors.

Shell Price Performance

Shares of NYSE SHEL traded down $0.20 during midday trading on Friday, hitting $66.24. 3,432,149 shares of the company's stock were exchanged, compared to its average volume of 4,300,269. The company has a current ratio of 1.35, a quick ratio of 1.10 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 company has a market cap of $197.98 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.98 and a beta of 0.38. The business's fifty day moving average price is $66.01 and its two-hundred day moving average price is $65.81.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.30. The firm had revenue of $69.23 billion during the quarter, compared to analysts' expectations 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 business earned $2.40 EPS. As a group, research analysts forecast that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, May 16th will be paid a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, May 16th. Shell's dividend payout ratio (DPR) is presently 65.90%.

Shell announced that its board has approved a stock buyback program on Friday, May 2nd that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the energy company to purchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

SHEL has been the subject of a number of recent analyst reports. TD Cowen reduced their price objective 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. Scotiabank reduced their target price on Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Barclays restated an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. TD Securities restated a "buy" rating on shares of Shell in a research report on Friday, April 4th. Finally, Wells Fargo & Company reduced their price target on shares of Shell from $83.00 to $80.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus 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.