Bremer Bank National Association Has $4.76 Million Position in Shell plc (NYSE:SHEL)

Bremer Bank National Association lifted its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,926 shares of the energy company's stock after acquiring an additional 3,791 shares during the quarter. Bremer Bank National Association's holdings in Shell were worth $4,758,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Valley National Advisers Inc. boosted its position in shares of Shell by 930.2% in the fourth 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 period. CoreFirst Bank & Trust acquired a new stake in Shell during the 4th quarter worth about $28,000. Human Investing LLC purchased a new position in Shell during the 4th quarter valued at about $31,000. Transce3nd LLC acquired a new position in shares of Shell in the 4th quarter valued at about $34,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Shell during the fourth quarter worth approximately $36,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Performance

Shares of NYSE:SHEL traded down $0.52 during trading on Wednesday, reaching $67.31. The stock had a trading volume of 4,117,241 shares, compared to its average volume of 4,297,017. 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 stock has a fifty day simple moving average of $65.78 and a two-hundred day simple moving average of $65.84. The firm has a market capitalization of $201.18 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 0.98 and a beta of 0.38. Shell plc has a 52 week low of $58.55 and a 52 week high of $74.46.

Shell (NYSE:SHEL - Get Free Report) last released its 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 net margin of 5.57% and a return on equity of 12.75%. The firm had revenue of $69.23 billion during the quarter, compared to analysts' expectations of $79.18 billion. During the same period in the prior year, the company earned $2.40 EPS. As a group, analysts anticipate that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, May 16th will be issued a $0.716 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.86 annualized dividend and a yield of 4.25%. Shell's dividend payout ratio (DPR) is 65.90%.

Shell declared that its Board of Directors has approved a share repurchase program on Friday, May 2nd that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the energy company to buy up to 1.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SHEL. Piper Sandler increased 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. Hsbc Global Res raised Shell to a "strong-buy" rating in a research report on Tuesday, May 13th. TD Securities reaffirmed a "buy" rating on shares of Shell in a research note on Friday, April 4th. TD Cowen lowered their price target on Shell from $82.00 to $76.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Scotiabank cut 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 report on Friday, April 11th. 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. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target 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.