PFG Investments LLC Grows Stake in Shell plc (NYSE:SHEL)

PFG Investments LLC raised its stake in Shell plc (NYSE:SHEL - Free Report) by 150.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,002 shares of the energy company's stock after acquiring an additional 15,009 shares during the quarter. PFG Investments LLC's holdings in Shell were worth $1,676,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Provence Wealth Management Group bought a new stake in shares of Shell in the third quarter valued at approximately $26,000. VisionPoint Advisory Group LLC bought a new stake in shares of Shell in the third quarter valued at approximately $26,000. Rise Advisors LLC raised its position in shares of Shell by 84.4% in the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company's stock valued at $27,000 after purchasing an additional 189 shares during the period. Valley National Advisers Inc. raised its position in shares of Shell by 217.7% in the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company's stock valued at $27,000 after purchasing an additional 283 shares during the period. Finally, Beaird Harris Wealth Management LLC raised its position in shares of Shell by 611.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company's stock valued at $29,000 after purchasing an additional 385 shares during the period. Institutional investors own 28.60% of the company's stock.

Analyst Ratings Changes

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

Shell Stock Performance

Shell stock remained flat at $73.27 during midday trading on Friday. 3,880,010 shares of the company were exchanged, compared to its average volume of 4,799,317. The firm has a 50 day simple moving average of $67.62 and a two-hundred day simple moving average of $65.87. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The stock has a market cap of $235.75 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 1.74 and a beta of 0.62. Shell plc has a twelve month low of $55.78 and a twelve month high of $73.94.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.28. Shell had a net margin of 5.99% and a return on equity of 14.69%. The business had revenue of $80.13 billion during the quarter, compared to analysts' expectations of $89.59 billion. During the same quarter in the previous year, the company earned $2.76 EPS. On average, sell-side analysts anticipate that Shell plc will post 8.16 earnings per share for the current fiscal year.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, February 16th were given a dividend of $0.662 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.65 annualized dividend and a yield of 3.61%. Shell's payout ratio is currently 48.59%.

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.

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