Palogic Value Management L.P. boosted its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 25.0% during the 4th quarter, according to the company in its most recent filing 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 comprises 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 filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of SHEL. Valley National Advisers Inc. increased its holdings in shares of Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock valued at $27,000 after purchasing an additional 400 shares during the period. CoreFirst Bank & Trust acquired a new position in shares of Shell in the 4th quarter valued at about $28,000. Human Investing LLC acquired a new position in Shell in the fourth quarter worth approximately $31,000. Transce3nd LLC acquired a new position in Shell in the fourth quarter worth approximately $34,000. Finally, Millstone Evans Group LLC acquired a new position in Shell in the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 28.60% of the company's stock.
Wall Street Analysts Forecast Growth
SHEL has been the topic of a number of research reports. Piper Sandler increased their price objective on Shell from $72.00 to $80.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. TD Securities reiterated a "buy" rating on shares of Shell in a report on Friday, April 4th. Hsbc Global Res upgraded Shell to a "strong-buy" rating in a report on Tuesday, May 13th. Scotiabank reduced their price objective on Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Finally, Barclays reissued an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, Shell has an average rating of "Buy" and a consensus target price of $78.35.
Get Our Latest Research Report on Shell
Shell Stock Performance
SHEL stock traded down $0.20 during midday trading on Friday, hitting $66.24. The stock had a trading volume of 3,432,149 shares, compared to its average volume of 4,298,023. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock has a 50-day simple moving average of $66.01 and a 200 day simple moving average of $65.81. Shell plc has a 52 week low of $58.55 and a 52 week high of $74.46. The firm has a market capitalization of $197.98 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 0.98 and a beta of 0.38.
Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.30. Shell had a return on equity of 12.75% and a net margin of 5.57%. The firm had revenue of $69.23 billion during the quarter, compared to analyst estimates of $79.18 billion. During the same period in the prior year, the company posted $2.40 earnings per share. As a group, equities research analysts anticipate that Shell plc will post 7.67 earnings per share for the current 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 shares. This repurchase authorization allows the energy company to purchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.
Shell Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, May 16th will be paid a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.86 annualized dividend and a yield of 4.32%. Shell's dividend payout ratio is currently 65.90%.
About Shell
(
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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