Shell plc (NYSE:SHEL) Shares Sold by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. reduced its stake in Shell plc (NYSE:SHEL - Free Report) by 92.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,456 shares of the energy company's stock after selling 89,791 shares during the period. University of Texas Texas AM Investment Management Co.'s holdings in Shell were worth $467,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. 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 worth $27,000 after buying an additional 400 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in Shell in the 4th quarter valued at about $28,000. Human Investing LLC purchased a new stake in Shell in the 4th quarter valued at about $31,000. Transce3nd LLC purchased a new stake in Shell in the 4th quarter valued at about $34,000. Finally, Millstone Evans Group LLC purchased a new stake in Shell in the 4th quarter valued at about $36,000. 28.60% of the stock is currently owned by institutional investors.

Shell Price Performance

Shares of NYSE SHEL traded up $0.22 during mid-day trading on Thursday, reaching $66.26. The company's stock had a trading volume of 1,700,939 shares, compared to its average volume of 4,289,037. Shell plc has a 1-year low of $58.55 and a 1-year high of $74.46. The stock has a market capitalization of $199.30 billion, a P/E ratio of 13.20, a P/E/G ratio of 0.98 and a beta of 0.38. The stock has a 50-day moving average of $66.22 and a two-hundred day moving average of $65.81. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $79.18 billion. During the same period last year, the business earned $2.40 earnings per share. On average, equities research analysts anticipate that Shell plc will post 7.67 EPS for the current fiscal year.

Shell declared that its board has approved a stock 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 buy up to 1.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, May 16th will be paid a $0.716 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, May 16th. Shell's payout ratio is 65.90%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SHEL. Piper Sandler upped their price target 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. TD Securities restated a "buy" rating on shares of Shell in a research note on Friday, April 4th. Barclays reaffirmed an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Scotiabank dropped their price objective on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Finally, Royal Bank of Canada reissued an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. One equities research 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 stock. Based on data from MarketBeat.com, Shell currently has an average rating of "Buy" and an average target price 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.