DSG Capital Advisors LLC Invests $331,000 in Shell plc (NYSE:SHEL)

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHEL. CoreFirst Bank & Trust purchased a new stake in shares of Shell in the fourth quarter worth about $28,000. Valley National Advisers Inc. grew its position in Shell by 930.2% in the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock valued at $27,000 after acquiring an additional 400 shares in the last quarter. Human Investing LLC purchased a new stake in shares of Shell during the fourth quarter valued at approximately $31,000. Transce3nd LLC acquired a new position in shares of Shell during the fourth quarter worth $34,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Shell in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 28.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wells Fargo & Company decreased their price objective 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. Hsbc Global Res upgraded Shell to a "strong-buy" rating in a research note on Tuesday, May 13th. Scotiabank cut their target price 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. Barclays restated an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. Finally, Royal Bank of Canada reiterated an "outperform" 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 given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Shell presently has a consensus rating of "Buy" and an average target price of $78.35.

Shell Stock Down 0.3%

Shares of NYSE:SHEL opened at $66.24 on Monday. The firm has a 50 day simple moving average of $66.01 and a 200 day simple moving average of $65.81. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The company has a market cap of $197.98 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38. Shell plc has a 52 week low of $58.55 and a 52 week high of $74.46.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.30. The business had revenue of $69.23 billion for 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 quarter in the prior year, the company earned $2.40 EPS. As a group, research analysts expect that Shell plc will post 7.67 earnings per share for the current year.

Shell Dividend Announcement

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

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

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.