Shell plc (NYSE:SHEL) Stake Raised by Tidal Investments LLC

Tidal Investments LLC raised its position in shares of Shell plc (NYSE:SHEL) by 114.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 492,747 shares of the energy company’s stock after purchasing an additional 262,720 shares during the period. Tidal Investments LLC’s holdings in Shell were worth $30,871,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Shell by 51.7% in the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock valued at $468,000 after acquiring an additional 2,545 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Shell by 0.9% in the 4th quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company’s stock valued at $2,078,000 after acquiring an additional 301 shares in the last quarter. Barclays PLC raised its stake in shares of Shell by 136.2% in the 4th quarter. Barclays PLC now owns 7,824 shares of the energy company’s stock valued at $490,000 after acquiring an additional 4,512 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Shell by 8.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,856 shares of the energy company’s stock valued at $12,521,000 after acquiring an additional 14,937 shares in the last quarter. Finally, HF Advisory Group LLC raised its stake in shares of Shell by 15.8% in the 4th quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock valued at $1,852,000 after acquiring an additional 4,028 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Price Performance

Shares of NYSE:SHEL opened at $66.57 on Friday. Shell plc has a 1-year low of $58.55 and a 1-year high of $74.46. The firm has a market capitalization of $200.26 billion, a PE ratio of 13.26, a PEG ratio of 0.98 and a beta of 0.38. The business’s 50 day moving average is $66.80 and its 200-day moving average is $65.88. 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) last announced its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.30. The company had revenue of $69.23 billion for the quarter, compared to analyst estimates of $79.18 billion. Shell had a return on equity of 12.75% and a net margin of 5.57%. During the same quarter last year, the firm earned $2.40 EPS. Sell-side analysts predict that Shell plc will post 7.67 earnings per share for the current year.

Shell Dividend Announcement

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

Shell declared that its board has approved a stock buyback 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 generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

SHEL has been the topic of a number of recent analyst reports. Barclays reissued an “overweight” rating on shares of Shell in a research note on Wednesday, March 26th. Wells Fargo & Company lowered their target price on Shell from $83.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. TD Securities reaffirmed a “buy” rating on shares of Shell in a report on Friday, April 4th. Scotiabank lowered their target price on Shell from $75.00 to $70.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Finally, Hsbc Global Res raised Shell to a “strong-buy” rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price 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.