RFG Advisory LLC Buys New Shares in Shell plc (NYSE:SHEL)

RFG Advisory LLC purchased a new stake in shares of Shell plc (NYSE:SHEL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,019 shares of the energy company's stock, valued at approximately $368,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. InvesTrust raised its holdings in Shell by 0.6% during the first quarter. InvesTrust now owns 80,134 shares of the energy company's stock valued at $5,872,000 after acquiring an additional 473 shares during the period. Merit Financial Group LLC raised its holdings in Shell by 100.9% during the first quarter. Merit Financial Group LLC now owns 11,534 shares of the energy company's stock valued at $845,000 after acquiring an additional 5,794 shares during the period. Gradient Investments LLC increased its holdings in shares of Shell by 2.6% in the first quarter. Gradient Investments LLC now owns 9,610 shares of the energy company's stock worth $704,000 after purchasing an additional 245 shares during the last quarter. Eldred Rock Partners LLC increased its holdings in shares of Shell by 33.5% in the first quarter. Eldred Rock Partners LLC now owns 104,376 shares of the energy company's stock worth $7,634,000 after purchasing an additional 26,174 shares during the last quarter. Finally, Sweeney & Michel LLC bought a new stake in shares of Shell in the first quarter worth about $1,142,000. 28.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SHEL shares. Piper Sandler lifted their target price on Shell from $72.00 to $80.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Royal Bank of Canada reaffirmed an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. Wells Fargo & Company reduced their target price on Shell from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. TD Cowen reduced their target price on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Hsbc Global Res raised Shell to a "strong-buy" rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Shell currently has a consensus rating of "Buy" and an average target price of $78.26.

Shell Trading Up 0.7%

SHEL opened at $68.03 on Friday. The firm has a market cap of $203.33 billion, a P/E ratio of 13.55, a P/E/G ratio of 0.98 and a beta of 0.38. Shell plc has a 12 month low of $58.55 and a 12 month 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. The stock has a 50-day moving average of $65.46 and a 200 day moving average of $65.88.

Shell (NYSE:SHEL - Get Free Report) last announced its earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share (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 business had revenue of $69.23 billion during the quarter, compared to analyst estimates of $79.18 billion. During the same quarter in the previous year, the business earned $2.40 earnings per share. As a group, research analysts forecast that Shell plc will post 7.67 EPS for the current year.

Shell declared that its Board of Directors has initiated a stock buyback plan on Friday, May 2nd that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the energy company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

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. The ex-dividend date is Friday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 4.21%. Shell's dividend payout ratio (DPR) is presently 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.

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