Css LLC Il Increases Stock Holdings in Shell plc (NYSE:SHEL)

Css LLC Il increased its position in shares of Shell plc (NYSE:SHEL - Free Report) by 93.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 83,049 shares of the energy company's stock after acquiring an additional 40,030 shares during the period. Css LLC Il's holdings in Shell were worth $5,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CoreFirst Bank & Trust bought a new stake in Shell during the fourth quarter valued at approximately $28,000. Valley National Advisers Inc. raised its position in shares of Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock valued at $27,000 after buying an additional 400 shares in the last quarter. Human Investing LLC bought a new stake in shares of Shell during the 4th quarter worth $31,000. Transce3nd LLC bought a new position in Shell in the fourth quarter valued at $34,000. Finally, Millstone Evans Group LLC purchased a new stake in Shell during the fourth quarter valued at about $36,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Price Performance

Shares of SHEL stock opened at $66.59 on Wednesday. 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 firm has a market cap of $200.31 billion, a P/E ratio of 13.26, a P/E/G ratio of 0.98 and a beta of 0.38. The business's 50 day moving average price is $66.76 and its 200-day moving average price is $65.87. Shell plc has a fifty-two week low of $58.55 and a fifty-two week high of $74.46.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $69.23 billion for the quarter, compared to the consensus estimate of $79.18 billion. Shell had a net margin of 5.57% and a return on equity of 12.75%. During the same period in the previous year, the firm earned $2.40 EPS. On average, equities research analysts anticipate that Shell plc will post 7.67 earnings per share for the current year.

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

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, May 16th will be issued a dividend of $0.716 per share. The ex-dividend date is Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.30%. Shell's dividend payout ratio (DPR) is 65.90%.

Analyst Ratings Changes

Several equities analysts have recently commented on SHEL shares. Barclays reiterated an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Wells Fargo & Company decreased their price target on shares of Shell from $83.00 to $80.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Scotiabank reduced their target price on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Royal Bank of Canada reissued an "outperform" rating on shares of Shell in a research note on Wednesday, March 26th. Finally, TD Cowen reduced their price objective on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company 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.

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