Quantinno Capital Management LP Boosts Position in Shell plc (NYSE:SHEL)

Quantinno Capital Management LP boosted its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 9.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 80,943 shares of the energy company's stock after purchasing an additional 7,234 shares during the period. Quantinno Capital Management LP's holdings in Shell were worth $5,071,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Empirical Asset Management LLC purchased a new position in Shell in the fourth quarter worth $2,937,000. Wealthcare Advisory Partners LLC increased its holdings in shares of Shell by 36.8% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 11,735 shares of the energy company's stock valued at $735,000 after purchasing an additional 3,159 shares in the last quarter. Chemistry Wealth Management LLC lifted its stake in shares of Shell by 4.3% in the fourth quarter. Chemistry Wealth Management LLC now owns 8,376 shares of the energy company's stock valued at $525,000 after purchasing an additional 344 shares during the period. Merit Financial Group LLC acquired a new position in Shell during the fourth quarter worth about $360,000. Finally, Brooklyn Investment Group increased its holdings in Shell by 326.3% in the fourth quarter. Brooklyn Investment Group now owns 2,272 shares of the energy company's stock valued at $142,000 after buying an additional 1,739 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SHEL. Hsbc Global Res upgraded Shell to a "strong-buy" rating in a report on Tuesday, May 13th. TD Cowen dropped their price target on Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Scotiabank lowered their price objective on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Piper Sandler lifted their target price on shares of Shell from $72.00 to $80.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Finally, Barclays reiterated 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 stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $78.35.

Shell Trading Down 0.4%

Shares of Shell stock traded down $0.24 during trading hours on Wednesday, reaching $66.38. 3,101,772 shares of the company's stock were exchanged, compared to its average volume of 4,291,764. The firm has a market capitalization of $199.68 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38. The company has a fifty day moving average of $66.76 and a 200-day moving average of $65.87. Shell plc has a 52-week low of $58.55 and a 52-week high of $74.46. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36.

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, beating 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 company had revenue of $69.23 billion during the quarter, compared to analysts' expectations of $79.18 billion. During the same quarter in the previous year, the business earned $2.40 EPS. Sell-side analysts forecast that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, May 16th will be issued a dividend of $0.716 per share. The ex-dividend date is Friday, May 16th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.31%. Shell's payout ratio is 65.90%.

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

About Shell

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.