Doliver Advisors LP Has $303,000 Stock Holdings in Shell plc (NYSE:SHEL)

Doliver Advisors LP raised its holdings in Shell plc (NYSE:SHEL) by 13.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,132 shares of the energy company’s stock after purchasing an additional 500 shares during the quarter. Doliver Advisors LP’s holdings in Shell were worth $303,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Valley National Advisers Inc. boosted its stake in Shell by 930.2% in the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after buying an additional 400 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in Shell in the fourth quarter valued at about $28,000. Human Investing LLC acquired a new stake in shares of Shell in the 4th quarter valued at approximately $31,000. Transce3nd LLC acquired a new stake in shares of Shell in the 4th quarter valued at approximately $34,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Shell in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

Shell stock opened at $66.24 on Friday. The stock’s 50 day moving average is $66.01 and its 200 day moving average is $65.81. 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 market cap of $197.98 billion, a P/E ratio of 13.20, a P/E/G ratio of 0.98 and a beta of 0.38. Shell plc has a one year low of $58.55 and a one year high of $74.46.

Shell (NYSE:SHEL) last issued its quarterly earnings results 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. The firm had revenue of $69.23 billion for the quarter, compared to the consensus estimate of $79.18 billion. Shell had a net margin of 5.57% and a return on equity of 12.75%. During the same quarter in the previous year, the company earned $2.40 EPS. As a group, research analysts expect that Shell plc will post 7.67 EPS for the current year.

Shell declared that its board has authorized a stock buyback program on Friday, May 2nd that allows the company to repurchase $3.50 billion in shares. This repurchase authorization allows the energy company to purchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, May 16th will be issued 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 4.32%. Shell’s payout ratio is 65.90%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SHEL. 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 research report on Friday, April 11th. Piper Sandler raised their price objective on Shell from $72.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, May 13th. TD Cowen cut their price target on Shell from $82.00 to $76.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Barclays reissued an “overweight” rating on shares of Shell in a research note on Wednesday, March 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of Shell in a research report on Wednesday, March 26th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Shell has a consensus rating of “Buy” and a consensus target price of $78.35.

Shell Company 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.