DSG Capital Advisors LLC Purchases Shares of 5,276 Shell plc (NYSE:SHEL)

DSG Capital Advisors LLC bought a new position in Shell plc (NYSE:SHEL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,276 shares of the energy company's stock, valued at approximately $331,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHEL. FMR LLC boosted its stake in Shell by 32.3% during the fourth quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock worth $5,414,036,000 after buying an additional 21,118,234 shares during the period. Fisher Asset Management LLC boosted its stake in Shell by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company's stock worth $1,562,412,000 after buying an additional 408,088 shares during the period. Wellington Management Group LLP boosted its stake in Shell by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company's stock worth $500,123,000 after buying an additional 238,705 shares during the period. Franklin Resources Inc. boosted its stake in Shell by 0.8% during the fourth quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company's stock worth $377,352,000 after buying an additional 50,228 shares during the period. Finally, Voloridge Investment Management LLC boosted its stake in Shell by 170.3% during the fourth quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock worth $216,980,000 after buying an additional 2,182,253 shares during the period. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Shell Stock Down 0.3%

Shares of SHEL stock traded down $0.20 during trading hours on Friday, reaching $66.24. 3,432,149 shares of the company's stock were exchanged, compared to its average volume of 4,298,023. Shell plc has a 1 year low of $58.55 and a 1 year high of $74.46. The stock has a market cap of $197.98 billion, a PE ratio of 13.20, a PEG ratio of 0.98 and a beta of 0.38. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock'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 issued its earnings results on Friday, May 2nd. The energy company reported $1.84 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.30. The firm 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 quarter in the prior year, the firm earned $2.40 earnings per share. Research analysts predict that Shell plc will post 7.67 EPS for the current year.

Shell declared that its Board of Directors has initiated a share buyback plan 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 plans are usually a sign that the company's management believes its stock is undervalued.

Shell Announces Dividend

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

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.