Schonfeld Strategic Advisors LLC Buys 25,427 Shares of Shell plc (NYSE:SHEL)

Schonfeld Strategic Advisors LLC raised its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 190.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,806 shares of the energy company's stock after purchasing an additional 25,427 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Shell were worth $2,431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Valley National Advisers Inc. raised its stake 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 acquiring an additional 400 shares during the last quarter. CoreFirst Bank & Trust bought a new position in Shell in the 4th quarter valued at $28,000. Human Investing LLC bought a new stake in shares of Shell during the fourth quarter worth $31,000. Transce3nd LLC acquired a new stake in Shell in the fourth quarter worth about $34,000. Finally, Millstone Evans Group LLC acquired a new position in Shell during the 4th quarter valued at about $36,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Stock Up 1.7 %

NYSE SHEL traded up $1.08 during trading hours on Friday, hitting $66.16. 3,727,410 shares of the company traded hands, compared to its average volume of 4,319,554. The stock has a market capitalization of $199.01 billion, a price-to-earnings ratio of 13.18, a P/E/G ratio of 0.98 and a beta of 0.38. Shell plc has a twelve month low of $58.55 and a twelve month high of $74.61. The business's 50-day moving average is $66.74 and its 200-day moving average is $65.86. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the firm posted $2.40 earnings per share. Sell-side analysts anticipate that Shell plc will post 7.67 earnings per share for the current year.

Shell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, May 16th will be paid 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 4.33%. Shell's dividend payout ratio is 65.90%.

Shell announced that its board has initiated a share repurchase program on Friday, May 2nd that authorizes the company to buyback $3.50 billion in shares. This buyback authorization authorizes the energy company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SHEL shares. Barclays reaffirmed an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. Scotiabank cut their target price on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Royal Bank of Canada restated an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. Wells Fargo & Company reduced their target price on Shell from $83.00 to $80.00 and set an "overweight" rating on the stock in a report on Monday. Finally, TD Cowen dropped their price target on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Shell has a consensus rating of "Buy" and an average price target of $77.35.

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.