SIR Capital Management L.P. Has $10.64 Million Stock Position in Shell plc (NYSE:SHEL)

SIR Capital Management L.P. grew its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 45.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 169,901 shares of the energy company's stock after acquiring an additional 53,300 shares during the quarter. SIR Capital Management L.P.'s holdings in Shell were worth $10,644,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Valley National Advisers Inc. raised its stake in shares of Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock worth $27,000 after buying an additional 400 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of Shell during the fourth quarter worth $28,000. Human Investing LLC acquired a new stake in shares of Shell during the fourth quarter worth $31,000. Transce3nd LLC acquired a new stake in shares of Shell during the fourth quarter worth $34,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Shell during the fourth quarter worth $36,000. Institutional investors and hedge funds own 28.60% of the company's stock.

Shell Stock Performance

Shares of NYSE:SHEL traded down $0.01 during trading on Monday, reaching $66.61. 2,749,528 shares of the stock were exchanged, compared to its average volume of 4,301,700. Shell plc has a 12 month low of $58.55 and a 12 month high of $74.46. The firm has a market cap of $200.37 billion, a PE ratio of 13.27, a PEG ratio of 0.98 and a beta of 0.38. The stock has a 50-day moving average price of $66.78 and a 200-day moving average price of $65.86. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.30. Shell had a return on equity of 12.75% and a net margin of 5.57%. The company had revenue of $69.23 billion during the quarter, compared to analysts' expectations of $79.18 billion. During the same quarter in the previous year, the company posted $2.40 earnings per share. Research analysts expect that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Dividend Announcement

The business 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 $0.716 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Friday, May 16th. Shell's dividend payout ratio (DPR) is currently 65.90%.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SHEL. Piper Sandler lifted their price target on Shell from $72.00 to $80.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Royal Bank of Canada restated an "outperform" rating on shares of Shell in a research note on Wednesday, March 26th. Barclays restated an "overweight" rating on shares of Shell in a research note on Wednesday, March 26th. Hsbc Global Res upgraded Shell to a "strong-buy" rating in a research note on Tuesday, May 13th. Finally, Scotiabank decreased their target price on Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $78.35.

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.