Interval Partners LP Sells 30,257 Shares of Shell plc (NYSE:SHEL)

Interval Partners LP decreased its stake in Shell plc (NYSE:SHEL - Free Report) by 42.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,719 shares of the energy company's stock after selling 30,257 shares during the period. Interval Partners LP's holdings in Shell were worth $2,551,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Aprio Wealth Management LLC increased its position in shares of Shell by 45.6% during the 4th quarter. Aprio Wealth Management LLC now owns 5,774 shares of the energy company's stock valued at $362,000 after purchasing an additional 1,809 shares during the last quarter. Kieckhefer Group LLC bought a new stake in shares of Shell in the 4th quarter worth approximately $40,000. Thomasville National Bank grew its holdings in shares of Shell by 4.8% during the 4th quarter. Thomasville National Bank now owns 349,953 shares of the energy company's stock valued at $21,925,000 after purchasing an additional 16,119 shares during the last quarter. Moody National Bank Trust Division lifted its stake in Shell by 157.4% in the fourth quarter. Moody National Bank Trust Division now owns 9,770 shares of the energy company's stock worth $612,000 after purchasing an additional 5,974 shares during the last quarter. Finally, Bridge Creek Capital Management LLC increased its holdings in shares of Shell by 0.4% in the fourth quarter. Bridge Creek Capital Management LLC now owns 53,514 shares of the energy company's stock worth $3,353,000 after buying an additional 196 shares during the period. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SHEL shares. TD Securities reaffirmed a "buy" rating on shares of Shell in a research note on Friday, April 4th. Scotiabank decreased 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. Piper Sandler upped their price target on Shell from $72.00 to $80.00 and gave the company an "overweight" rating in a research report on Tuesday. 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 research note on Monday, May 5th. Finally, TD Cowen dropped 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. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $78.35.

Shell Stock Up 0.4%

NYSE SHEL traded up $0.30 during trading hours on Thursday, reaching $67.39. 2,669,835 shares of the company's stock traded hands, compared to its average volume of 4,321,117. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The firm has a 50-day simple moving average of $66.79 and a 200 day simple moving average of $65.86. Shell plc has a 52-week low of $58.55 and a 52-week high of $74.46. The firm has a market cap of $202.71 billion, a PE ratio of 13.42, a PEG ratio of 0.98 and a beta of 0.38.

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, topping analysts' consensus estimates of $1.54 by $0.30. The firm had revenue of $69.23 billion for the quarter, compared to analysts' expectations of $79.18 billion. Shell had a return on equity of 12.75% and a net margin of 5.57%. 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 EPS for the current fiscal year.

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 given a dividend of $0.716 per share. This represents a $2.86 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend is Friday, May 16th. Shell's dividend payout ratio (DPR) is currently 65.90%.

Shell announced that its Board of Directors has approved a stock repurchase plan on Friday, May 2nd that allows the company to buyback $3.50 billion in outstanding shares. This buyback authorization allows the energy company to repurchase up to 1.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

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.