apricus wealth LLC Acquires 3,900 Shares of Shell plc (NYSE:SHEL)

apricus wealth LLC boosted its holdings in Shell plc (NYSE:SHEL - Free Report) by 14.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,240 shares of the energy company's stock after acquiring an additional 3,900 shares during the quarter. apricus wealth LLC's holdings in Shell were worth $2,216,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SHEL. Brighton Jones LLC boosted its position in 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 purchasing an additional 2,545 shares during the last quarter. Kingsview Wealth Management LLC raised its position in Shell by 1.4% in the 4th quarter. Kingsview Wealth Management LLC now owns 16,325 shares of the energy company's stock worth $1,023,000 after purchasing an additional 220 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in shares of Shell by 30.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 36,920 shares of the energy company's stock valued at $2,313,000 after acquiring an additional 8,539 shares during the last quarter. Savant Capital LLC increased its position in shares of Shell by 4.5% in the 4th quarter. Savant Capital LLC now owns 16,311 shares of the energy company's stock valued at $1,022,000 after buying an additional 702 shares in the last quarter. Finally, Principle Wealth Partners LLC increased its position in shares of Shell by 2.9% in the 4th quarter. Principle Wealth Partners LLC now owns 7,065 shares of the energy company's stock valued at $443,000 after buying an additional 200 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SHEL. Royal Bank of Canada reissued an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. TD Cowen cut their target price 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. Scotiabank lowered their target price on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Piper Sandler lifted their price target on shares of Shell from $72.00 to $80.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Finally, Barclays reiterated an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $78.26.

Shell Stock Performance

SHEL traded up $1.05 during midday trading on Friday, reaching $72.49. The company had a trading volume of 5,920,768 shares, compared to its average volume of 4,317,210. The business has a 50-day moving average price of $65.95 and a two-hundred day moving average price of $66.05. Shell plc has a 12-month low of $58.55 and a 12-month high of $74.46. 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 stock has a market cap of $216.67 billion, a PE ratio of 14.44, a P/E/G ratio of 0.98 and a beta of 0.39.

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 (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.30. The company had revenue of $69.23 billion for the quarter, compared to analyst estimates 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 previous year, the firm posted $2.40 earnings per share. On average, sell-side analysts expect that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, May 16th will be issued a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Friday, May 16th. Shell's dividend payout ratio (DPR) is presently 65.90%.

Shell declared that its Board of Directors has approved a share buyback program on Friday, May 2nd that authorizes the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization authorizes the energy company to buy up to 1.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are 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.