Shell plc (NYSE:SHEL) Shares Bought by Css LLC Il

CSS LLC IL grew its position in shares of Shell plc (NYSE:SHEL - Free Report) by 93.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,049 shares of the energy company's stock after purchasing an additional 40,030 shares during the period. CSS LLC IL's holdings in Shell were worth $5,203,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. First Wilshire Securities Management Inc. grew its holdings in Shell by 1.6% during the 4th quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company's stock valued at $596,000 after purchasing an additional 153 shares in the last quarter. Foster Group Inc. grew its stake in shares of Shell by 5.0% during the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company's stock valued at $213,000 after acquiring an additional 162 shares in the last quarter. Titleist Asset Management LLC increased its position in shares of Shell by 3.1% during the fourth quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company's stock worth $346,000 after acquiring an additional 164 shares during the last quarter. Warther Private Wealth LLC boosted its holdings in Shell by 5.5% in the fourth quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company's stock valued at $205,000 after purchasing an additional 169 shares during the last quarter. Finally, Klingman & Associates LLC grew its stake in Shell by 5.2% during the 4th quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company's stock valued at $214,000 after purchasing an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company's stock.

Analysts Set New Price Targets

SHEL has been the subject of several research analyst reports. Royal Bank of Canada reiterated an "outperform" rating on shares of Shell in a research note on Wednesday, March 26th. TD Cowen decreased their price objective on shares of Shell from $82.00 to $76.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Barclays restated an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. Wells Fargo & Company lowered their price objective on Shell from $83.00 to $80.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, TD Securities reaffirmed a "buy" rating on shares of Shell in a report on Friday, April 4th. One equities research 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 data from MarketBeat, Shell presently has a consensus rating of "Buy" and an average price target of $78.35.

Shell Stock Performance

Shares of NYSE SHEL traded up $0.31 during mid-day trading on Monday, hitting $66.26. The company had a trading volume of 3,064,455 shares, compared to its average volume of 4,305,328. Shell plc has a 12 month low of $58.55 and a 12 month high of $74.46. The stock has a market cap of $199.31 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.98 and a beta of 0.38. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The firm's 50 day simple moving average is $66.53 and its two-hundred day simple moving average is $65.81.

Shell (NYSE:SHEL - Get Free Report) last posted its earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $79.18 billion. During the same period last year, the business posted $2.40 earnings per share. As a group, equities research analysts forecast that Shell plc will post 7.67 earnings per share for the current year.

Shell declared that its Board of Directors has initiated a stock buyback program on Friday, May 2nd that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the energy company to repurchase up to 1.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, May 16th will be paid 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 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.