Palogic Value Management L.P. Has $4.74 Million Position in Shell plc (NYSE:SHEL)

Palogic Value Management L.P. lifted its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 25.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,602 shares of the energy company's stock after buying an additional 15,120 shares during the period. Shell makes up about 0.1% of Palogic Value Management L.P.'s investment portfolio, making the stock its 11th largest holding. Palogic Value Management L.P.'s holdings in Shell were worth $4,736,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock worth $468,000 after purchasing an additional 2,545 shares in the last quarter. Private Advisor Group LLC raised its holdings in Shell by 0.9% during the fourth quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company's stock worth $2,078,000 after purchasing an additional 301 shares in the last quarter. Barclays PLC raised its holdings in Shell by 136.2% during the fourth quarter. Barclays PLC now owns 7,824 shares of the energy company's stock worth $490,000 after purchasing an additional 4,512 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Shell by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 199,856 shares of the energy company's stock worth $12,521,000 after purchasing an additional 14,937 shares in the last quarter. Finally, Lockheed Martin Investment Management Co. raised its holdings in Shell by 266.1% during the fourth quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company's stock worth $7,645,000 after purchasing an additional 88,700 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Down 0.3%

Shares of NYSE SHEL traded down $0.20 during mid-day trading on Friday, reaching $66.24. The company had a trading volume of 3,432,149 shares, compared to its average volume of 4,300,269. Shell plc has a twelve month low of $58.55 and a twelve month 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. The stock has a market capitalization of $197.98 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38. The stock's 50 day moving average is $66.01 and its 200-day moving average is $65.81.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, topping analysts' consensus estimates 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 in the prior year, the business posted $2.40 earnings per share. As a group, equities analysts anticipate that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Dividend Announcement

The firm also recently announced 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 4.32%. The ex-dividend date is Friday, May 16th. Shell's payout ratio is 65.90%.

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

Analysts Set New Price Targets

Several research analysts have issued reports on SHEL shares. Scotiabank dropped their price target on Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Barclays reiterated an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. TD Cowen cut their price objective on Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Hsbc Global Res upgraded Shell to a "strong-buy" rating in a research report on Tuesday, May 13th. Finally, TD Securities reiterated a "buy" rating on shares of Shell in a research report on Friday, April 4th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Shell has an average rating of "Buy" and an average price target of $78.35.

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.