Fermata Advisors LLC purchased a new position in shares of Shell plc (NYSE:SHEL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,342 shares of the energy company's stock, valued at approximately $391,000.
Several other hedge funds also recently modified their holdings of the business. CoreFirst Bank & Trust acquired a new position in Shell in the 4th quarter valued at $28,000. Human Investing LLC acquired a new position in Shell in the 4th quarter valued at $31,000. Transce3nd LLC acquired a new position in Shell in the 4th quarter valued at $34,000. Millstone Evans Group LLC acquired a new position in Shell in the 4th quarter valued at $36,000. Finally, Summit Securities Group LLC grew its stake in Shell by 50.0% in the 4th quarter. Summit Securities Group LLC now owns 600 shares of the energy company's stock valued at $38,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.
Analysts Set New Price Targets
SHEL has been the topic of several research analyst reports. TD Cowen decreased their price target on shares of Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. 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 report on Monday, May 5th. Hsbc Global Res upgraded shares of Shell to a "strong-buy" rating in a research report on Tuesday, May 13th. Barclays restated an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Finally, TD Securities restated a "buy" rating on shares of Shell in a research report on Friday, April 4th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Shell currently has a consensus rating of "Buy" and an average price target of $78.35.
Check Out Our Latest Research Report on SHEL
Shell Price Performance
NYSE:SHEL opened at $67.48 on Friday. The company has a 50-day moving average of $65.56 and a 200-day moving average of $65.86. The company has a market capitalization of $201.69 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 0.98 and a beta of 0.38. Shell plc has a 52 week low of $58.55 and a 52 week high of $74.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.
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 (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.30. Shell had a net margin of 5.57% and a return on equity of 12.75%. The firm 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 firm posted $2.40 EPS. As a group, equities research analysts anticipate that Shell plc will post 7.67 earnings per share for the current fiscal year.
Shell declared that its Board of Directors has initiated a stock repurchase plan on Friday, May 2nd that permits the company to buyback $3.50 billion in shares. This buyback authorization permits the energy company to purchase up to 1.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its stock is undervalued.
Shell Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, May 16th will be issued a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a yield of 4.24%. The ex-dividend date is Friday, May 16th. Shell's dividend payout ratio is currently 65.90%.
Shell Company Profile
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Free Report)
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.
Further Reading
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