7,705 Shares in Shell plc (NYSE:SHEL) Bought by Northstar Financial Companies Inc.

Northstar Financial Companies Inc. purchased a new position in shares of Shell plc (NYSE:SHEL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,705 shares of the energy company's stock, valued at approximately $483,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Palogic Value Management L.P. grew its holdings in shares of Shell by 25.0% during the 4th quarter. Palogic Value Management L.P. now owns 75,602 shares of the energy company's stock worth $4,736,000 after purchasing an additional 15,120 shares during the period. Probity Advisors Inc. boosted its position in Shell by 16.0% during the 4th quarter. Probity Advisors Inc. now owns 7,435 shares of the energy company's stock worth $466,000 after purchasing an additional 1,026 shares during the period. Comprehensive Money Management Services LLC purchased a new position in Shell in the fourth quarter valued at about $262,000. Brucke Financial Inc. acquired a new position in Shell during the 4th quarter worth approximately $675,000. Finally, Heck Capital Advisors LLC purchased a new stake in Shell during the 4th quarter worth $81,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Price Performance

Shell stock traded down $0.20 during mid-day trading on Friday, hitting $66.24. The company's stock had a trading volume of 3,432,149 shares, compared to its average volume of 4,298,023. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. Shell plc has a twelve month low of $58.55 and a twelve month high of $74.46. The stock has a market capitalization of $197.98 billion, a P/E ratio of 13.20, a P/E/G ratio of 0.98 and a beta of 0.38. The stock's fifty day moving average price is $66.01 and its two-hundred day moving average price is $65.81.

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 net margin of 5.57% and a return on equity of 12.75%. The business had revenue of $69.23 billion for the quarter, compared to the consensus estimate of $79.18 billion. During the same period last year, the firm posted $2.40 earnings per share. Research analysts forecast that Shell plc will post 7.67 earnings per share for the current year.

Shell Announces Dividend

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. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a yield of 4.32%. Shell's payout ratio is presently 65.90%.

Shell announced that its board has initiated a share repurchase program on Friday, May 2nd that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the energy company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SHEL. TD Cowen reduced 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. Royal Bank of Canada reaffirmed an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. TD Securities reissued a "buy" rating on shares of Shell in a research note on Friday, April 4th. Piper Sandler lifted their price objective on shares of Shell from $72.00 to $80.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company dropped 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. One 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 stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus 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.