Cullen Investment Group LTD. Takes Position in Shell plc (NYSE:SHEL)

Cullen Investment Group LTD. acquired a new stake in shares of Shell plc (NYSE:SHEL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 24,823 shares of the energy company's stock, valued at approximately $1,633,000.

A number of other hedge funds have also made changes to their positions in the stock. BOK Financial Private Wealth Inc. increased its holdings in Shell by 22.3% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 1,273 shares of the energy company's stock worth $84,000 after buying an additional 232 shares during the last quarter. Waldron Private Wealth LLC grew its holdings in Shell by 10.2% during the fourth quarter. Waldron Private Wealth LLC now owns 4,005 shares of the energy company's stock valued at $263,000 after purchasing an additional 371 shares during the last quarter. Grove Bank & Trust grew its holdings in Shell by 73.4% during the fourth quarter. Grove Bank & Trust now owns 3,396 shares of the energy company's stock valued at $223,000 after purchasing an additional 1,437 shares during the last quarter. Beverly Hills Private Wealth LLC boosted its position in shares of Shell by 47.4% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 7,706 shares of the energy company's stock valued at $507,000 after acquiring an additional 2,478 shares during the period. Finally, Capital Advisors Inc. OK boosted its position in shares of Shell by 6.3% in the fourth quarter. Capital Advisors Inc. OK now owns 4,590 shares of the energy company's stock valued at $302,000 after acquiring an additional 270 shares during the period. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised Shell from a "c" rating to a "b-" rating in a research report on Monday, January 29th.

Shell Stock Performance

SHEL stock traded down $0.50 during midday trading on Monday, hitting $71.94. The stock had a trading volume of 7,277,787 shares, compared to its average volume of 4,798,065. The firm has a market capitalization of $231.47 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 2.21 and a beta of 0.62. Shell plc has a 52 week low of $55.78 and a 52 week high of $73.94. The stock has a 50-day simple moving average of $66.07 and a 200 day simple moving average of $65.36. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL - Get Free Report) last announced its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.28. Shell had a return on equity of 14.69% and a net margin of 5.99%. The company had revenue of $80.13 billion during the quarter, compared to analyst estimates of $89.59 billion. During the same period last year, the company posted $2.76 earnings per share. As a group, equities research analysts anticipate that Shell plc will post 8.18 earnings per share for the current year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were given a $0.662 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.65 dividend on an annualized basis and a yield of 3.68%. Shell's payout ratio is 48.59%.

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.