Ameriflex Group Inc. Acquires Shares of 4,214 Shell plc (NYSE:SHEL)

Ameriflex Group Inc. bought a new position in shares of Shell plc (NYSE:SHEL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,214 shares of the energy company's stock, valued at approximately $277,000.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Shell from $83.00 to $80.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. TD Cowen lowered their price objective on shares of Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada reiterated an "outperform" rating on shares of Shell in a research note on Wednesday, March 26th. TD Securities reaffirmed a "buy" rating on shares of Shell in a report on Friday, April 4th. Finally, Barclays restated an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $78.35.

Shell Price Performance

Shares of NYSE SHEL traded up $0.41 during trading hours on Thursday, reaching $66.45. 3,492,217 shares of the stock traded hands, compared to its average volume of 4,295,904. Shell plc has a 52-week low of $58.55 and a 52-week high of $74.46. 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's 50-day simple moving average is $66.22 and its two-hundred day simple moving average is $65.81. The company has a market capitalization of $198.62 billion, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38.

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

Shell Dividend Announcement

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 issued a $0.716 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Friday, May 16th. Shell's dividend payout ratio is 65.90%.

Shell announced that its Board of Directors has authorized a stock buyback plan on Friday, May 2nd that permits the company to buyback $3.50 billion in shares. This buyback authorization permits the energy company to buy up to 1.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

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.