Allied Investment Advisors LLC Acquires 7,940 Shares of Shell plc (NYSE:SHEL)

Allied Investment Advisors LLC increased its stake in Shell plc (NYSE:SHEL - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 181,627 shares of the energy company's stock after buying an additional 7,940 shares during the quarter. Shell makes up 2.5% of Allied Investment Advisors LLC's holdings, making the stock its 10th biggest position. Allied Investment Advisors LLC's holdings in Shell were worth $13,310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of Shell by 51.7% in the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company's stock valued at $468,000 after buying an additional 2,545 shares during the last quarter. Crews Bank & Trust acquired a new stake in Shell during the 4th quarter valued at $93,000. Sonora Investment Management Group LLC boosted its position in Shell by 4.3% during the fourth quarter. Sonora Investment Management Group LLC now owns 6,912 shares of the energy company's stock worth $433,000 after purchasing an additional 285 shares during the period. New Wave Wealth Advisors LLC acquired a new stake in shares of Shell during the 4th quarter worth about $161,000. Finally, Caprock Group LLC boosted its holdings in shares of Shell by 2.6% during the 4th quarter. Caprock Group LLC now owns 30,863 shares of the energy company's stock worth $1,934,000 after buying an additional 791 shares during the period. 28.60% of the stock is owned by institutional investors.

Shell Trading Up 0.6%

Shell stock traded up $0.42 during trading hours on Tuesday, hitting $67.87. The stock had a trading volume of 3,429,643 shares, compared to its average volume of 4,294,157. The stock has a market cap of $202.85 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 0.98 and a beta of 0.38. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The business's 50 day simple moving average is $65.89 and its 200-day simple moving average is $65.83. Shell plc has a one year low of $58.55 and a one year high of $74.46.

Shell (NYSE:SHEL - Get Free Report) last posted its 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. The firm had revenue of $69.23 billion for the quarter, compared to analyst estimates of $79.18 billion. Shell had a net margin of 5.57% and a return on equity of 12.75%. During the same period in the previous year, the firm posted $2.40 EPS. On average, equities analysts predict that Shell plc will post 7.67 EPS for the current fiscal year.

Shell announced that its Board of Directors has approved a share buyback plan on Friday, May 2nd that permits the company to buyback $3.50 billion in outstanding shares. This buyback authorization permits the energy company to buy up to 1.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

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 paid a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Friday, May 16th. Shell's dividend payout ratio is currently 65.90%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barclays reissued an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Scotiabank reduced their target price on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Royal Bank of Canada reiterated an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. Wells Fargo & Company lowered their price objective on Shell from $83.00 to $80.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Finally, TD Securities reiterated a "buy" rating on shares of Shell in a research report on Friday, April 4th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $78.35.

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.