Victrix Investment Advisors Makes New $1.53 Million Investment in Shell plc (NYSE:SHEL)

Victrix Investment Advisors bought a new position in shares of Shell plc (NYSE:SHEL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 24,441 shares of the energy company's stock, valued at approximately $1,531,000. Shell accounts for about 1.1% of Victrix Investment Advisors' investment portfolio, making the stock its 29th largest holding.

Several other hedge funds have also made changes to their positions in SHEL. First Wilshire Securities Management Inc. increased its stake in Shell by 1.6% during the fourth quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company's stock worth $596,000 after acquiring an additional 153 shares during the last quarter. Foster Group Inc. boosted its stake in Shell by 5.0% during the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company's stock worth $213,000 after buying an additional 162 shares during the period. Titleist Asset Management LLC boosted its position in shares of Shell by 3.1% during the 4th quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company's stock worth $346,000 after purchasing an additional 164 shares during the period. Warther Private Wealth LLC raised its position in Shell by 5.5% in the fourth quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company's stock valued at $205,000 after purchasing an additional 169 shares during the period. Finally, Klingman & Associates LLC lifted its stake in Shell by 5.2% during the fourth quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company's stock worth $214,000 after purchasing an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company's stock.

Shell Stock Down 0.6%

Shell stock traded down $0.41 during mid-day trading on Thursday, hitting $65.95. The company had a trading volume of 3,484,162 shares, compared to its average volume of 4,297,372. The stock has a market cap of $198.38 billion, a price-to-earnings ratio of 13.14, a PEG 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. Shell plc has a 1 year low of $58.55 and a 1 year high of $74.46. The business has a fifty day moving average of $66.62 and a 200 day moving average of $65.86.

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

Shell declared that its board has initiated a share buyback plan on Friday, May 2nd that authorizes the company to repurchase $3.50 billion in outstanding shares. This repurchase authorization authorizes the energy company to reacquire up to 1.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, May 16th will be paid 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 yield of 4.34%. Shell's dividend payout ratio is presently 65.90%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Piper Sandler boosted their price objective on Shell from $72.00 to $80.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Barclays reissued an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. TD Cowen cut their target price on shares of Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company decreased their price target on shares of Shell from $83.00 to $80.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, Hsbc Global Res upgraded Shell to a "strong-buy" rating in a research note on Tuesday, May 13th. 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $78.35.

Shell Company 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.