Brucke Financial Inc. Makes New $675,000 Investment in Shell plc (NYSE:SHEL)

Brucke Financial Inc. acquired a new stake in shares of Shell plc (NYSE:SHEL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,258 shares of the energy company's stock, valued at approximately $675,000.

Other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its holdings in shares of Shell by 10.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,139 shares of the energy company's stock worth $134,000 after acquiring an additional 200 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Shell by 0.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 142,445 shares of the energy company's stock worth $8,924,000 after acquiring an additional 1,331 shares in the last quarter. Brighton Jones LLC boosted its holdings in shares of Shell by 51.7% in the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock worth $468,000 after acquiring an additional 2,545 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in Shell by 26.5% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,635 shares of the energy company's stock worth $416,000 after buying an additional 1,392 shares in the last quarter. Finally, Grimes & Company Inc. lifted its holdings in Shell by 9.5% during the 4th quarter. Grimes & Company Inc. now owns 9,921 shares of the energy company's stock worth $622,000 after buying an additional 859 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on SHEL. Royal Bank of Canada reaffirmed an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. TD Cowen reduced their price objective on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. TD Securities reaffirmed a "buy" rating on shares of Shell in a report on Friday, April 4th. Piper Sandler upped their price objective on Shell from $72.00 to $80.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Finally, Wells Fargo & Company reduced their price objective on Shell from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $78.35.

Shell Trading Down 0.3%

Shares of SHEL traded down $0.20 during trading hours on Friday, reaching $66.24. The stock had a trading volume of 3,432,149 shares, compared to its average volume of 4,298,025. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. Shell plc has a 52 week low of $58.55 and a 52 week high of $74.46. The firm has a 50-day moving average of $66.01 and a 200 day moving average of $65.81. The company has a market cap of $197.98 billion, a P/E ratio of 13.20, a P/E/G ratio of 0.98 and a beta of 0.38.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.30. Shell had a net margin of 5.57% and a return on equity of 12.75%. The business had revenue of $69.23 billion during the quarter, compared to analysts' expectations of $79.18 billion. During the same quarter in the prior year, the company earned $2.40 EPS. On average, sell-side analysts expect that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Announces Dividend

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

Shell declared that its board has initiated a share buyback program on Friday, May 2nd that permits the company to buyback $3.50 billion in shares. This buyback authorization permits the energy company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management 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.