Integrated Advisors Network LLC Boosts Holdings in Shell plc (NYSE:SHEL)

Integrated Advisors Network LLC lifted its stake in Shell plc (NYSE:SHEL - Free Report) by 300.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,251 shares of the energy company's stock after buying an additional 30,943 shares during the quarter. Integrated Advisors Network LLC's holdings in Shell were worth $3,023,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. FMR LLC increased its position in shares of 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 purchasing an additional 21,118,234 shares during the last quarter. Voloridge Investment Management LLC raised its position in Shell by 170.3% in the 4th quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock worth $216,980,000 after purchasing an additional 2,182,253 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Shell during the fourth quarter valued at approximately $91,716,000. Freestone Grove Partners LP purchased a new stake in shares of Shell in the fourth quarter worth approximately $83,204,000. Finally, Merewether Investment Management LP lifted its stake in shares of Shell by 46.5% during the 4th quarter. Merewether Investment Management LP now owns 2,262,997 shares of the energy company's stock worth $141,777,000 after acquiring an additional 718,233 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on SHEL. Wells Fargo & Company reduced their price objective on Shell from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. TD Securities reiterated a "buy" rating on shares of Shell in a report on Friday, April 4th. Scotiabank reduced their price target 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. Royal Bank of Canada reissued an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. Finally, Barclays reaffirmed an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $78.26.

Shell Stock Up 1.3%

SHEL stock traded up $0.91 during mid-day trading on Friday, reaching $72.35. The company had a trading volume of 4,061,714 shares, compared to its average volume of 4,307,210. Shell plc has a fifty-two week low of $58.55 and a fifty-two week high of $74.46. The company has a market capitalization of $216.25 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 0.98 and a beta of 0.39. 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 fifty day simple moving average of $65.69 and a 200 day simple moving average of $66.00.

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

Shell announced that its Board of Directors has authorized a share buyback plan on Friday, May 2nd that allows the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization allows the energy company to reacquire up to 1.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

Shell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, May 16th will be given a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a yield of 3.96%. The ex-dividend date is Friday, May 16th. 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.