Comprehensive Money Management Services LLC Buys Shares of 4,175 Shell plc (NYSE:SHEL)

Comprehensive Money Management Services 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 4,175 shares of the energy company's stock, valued at approximately $262,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHEL. FMR LLC grew its holdings in Shell by 32.3% during the 4th quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock valued at $5,414,036,000 after buying an additional 21,118,234 shares in the last quarter. Voloridge Investment Management LLC grew its holdings in Shell by 170.3% during the 4th quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock valued at $216,980,000 after buying an additional 2,182,253 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Shell during the 4th quarter valued at approximately $91,716,000. Freestone Grove Partners LP purchased a new stake in Shell during the 4th quarter valued at approximately $83,204,000. Finally, Merewether Investment Management LP grew its holdings in Shell by 46.5% during the 4th quarter. Merewether Investment Management LP now owns 2,262,997 shares of the energy company's stock valued at $141,777,000 after buying an additional 718,233 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Trading Down 0.3%

Shares of NYSE:SHEL traded down $0.20 on Friday, hitting $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 12 month low of $58.55 and a 12 month high of $74.46. The stock has a market capitalization of $197.98 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38. The business's 50 day simple moving average is $66.01 and its two-hundred day simple moving average is $65.81. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10.

Shell (NYSE:SHEL - Get Free Report) last released its earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, topping 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 business had revenue of $69.23 billion during the quarter, compared to the consensus estimate of $79.18 billion. During the same period last year, the company earned $2.40 earnings per share. Analysts anticipate that Shell plc will post 7.67 EPS 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 issued a $0.716 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 4.32%. Shell's payout ratio is currently 65.90%.

Shell announced that its board has authorized a stock repurchase plan on Friday, May 2nd that permits the company to repurchase $3.50 billion in shares. This repurchase authorization permits the energy company to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms recently weighed in on SHEL. Scotiabank cut their target price on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. TD Securities restated a "buy" rating on shares of Shell in a research report on Friday, April 4th. Wells Fargo & Company lowered their price target on Shell from $83.00 to $80.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. TD Cowen lowered their price target on Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Barclays restated an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. One research 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's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $78.35.

Shell 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.