Comprehensive Money Management Services LLC Acquires New Shares in Shell plc (NYSE:SHEL)

Comprehensive Money Management Services LLC purchased a new position in shares of Shell plc (NYSE:SHEL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,175 shares of the energy company's stock, valued at approximately $262,000.

Several other hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its stake 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 valued at $134,000 after purchasing an additional 200 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Shell by 0.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 142,445 shares of the energy company's stock valued at $8,924,000 after purchasing an additional 1,331 shares during the period. Brighton Jones LLC increased its stake in Shell by 51.7% during the fourth 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 during the last quarter. Flagship Harbor Advisors LLC increased its stake in Shell by 2.2% during the fourth quarter. Flagship Harbor Advisors LLC now owns 15,065 shares of the energy company's stock worth $944,000 after acquiring an additional 322 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its position in shares of Shell by 24.6% in the fourth quarter. First Citizens Bank & Trust Co. now owns 3,921 shares of the energy company's stock worth $246,000 after buying an additional 775 shares during the period. Institutional investors and hedge funds own 28.60% of the company's stock.

Shell Stock Performance

Shares of SHEL traded down $0.20 on Friday, reaching $66.24. 3,432,149 shares of the company's stock traded hands, compared to its average volume of 4,300,269. 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 50 day simple moving average is $66.01 and its two-hundred day simple moving average is $65.81. Shell plc has a 52-week low of $58.55 and a 52-week 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.

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

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

Shell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, May 16th will be paid 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 of this dividend is Friday, May 16th. Shell's dividend payout ratio (DPR) is presently 65.90%.

Analysts Set New Price Targets

Several brokerages have issued reports on SHEL. Wells Fargo & Company cut their price objective on Shell from $83.00 to $80.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Royal Bank of Canada reaffirmed an "outperform" rating on shares of Shell in a research note on Wednesday, March 26th. Piper Sandler raised their target price on Shell from $72.00 to $80.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. TD Cowen dropped their target price on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Hsbc Global Res upgraded Shell to a "strong-buy" rating in a report on Tuesday, May 13th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $78.35.

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.