Townsquare Capital LLC Acquires 49,011 Shares of Shell plc (NYSE:SHEL)

Townsquare Capital LLC lifted its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 44.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 159,626 shares of the energy company's stock after purchasing an additional 49,011 shares during the period. Townsquare Capital LLC's holdings in Shell were worth $10,001,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SHEL. Jaffetilchin Investment Partners LLC raised its holdings in Shell by 2,758.6% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 9,662 shares of the energy company's stock worth $605,000 after purchasing an additional 9,324 shares during the last quarter. LSV Asset Management bought a new position in Shell during the fourth quarter worth about $464,000. Cutler Capital Management LLC grew its holdings in Shell by 0.8% during the fourth quarter. Cutler Capital Management LLC now owns 110,826 shares of the energy company's stock valued at $6,943,000 after purchasing an additional 894 shares during the period. Advisory Services Network LLC raised its holdings in Shell by 6.4% in the fourth quarter. Advisory Services Network LLC now owns 33,765 shares of the energy company's stock worth $2,115,000 after purchasing an additional 2,033 shares during the period. Finally, Elgethun Capital Management grew its holdings in shares of Shell by 15.2% in the 4th quarter. Elgethun Capital Management now owns 3,553 shares of the energy company's stock valued at $223,000 after buying an additional 470 shares during the period. 28.60% of the stock is owned by institutional investors.

Shell Stock Performance

Shares of SHEL traded up $1.30 during mid-day trading on Thursday, reaching $65.33. The company's stock had a trading volume of 2,340,512 shares, compared to its average volume of 4,290,213. Shell plc has a 1-year low of $58.55 and a 1-year high of $74.61. The business has a 50-day simple moving average of $67.38 and a two-hundred day simple moving average of $66.14. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock has a market cap of $197.54 billion, a P/E ratio of 13.02, a PEG ratio of 0.98 and a beta of 0.27.

Shell (NYSE:SHEL - Get Free Report) last posted its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. As a group, equities research analysts anticipate that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were issued a $0.716 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Shell's previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.38%. Shell's payout ratio is currently 56.97%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Piper Sandler decreased their target price on Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. TD Securities reaffirmed a "buy" rating on shares of Shell in a research note on Friday, April 4th. Wolfe Research raised shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a research report on Friday, January 3rd. Wells Fargo & Company dropped their price target on Shell from $87.00 to $83.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Barclays reaffirmed an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. One equities research 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, Shell has a consensus rating of "Buy" and an average price target of $77.73.

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.