Bank OZK Has $1.08 Million Stock Holdings in Shell plc (NYSE:SHEL)

Bank OZK grew its position in shares of Shell plc (NYSE:SHEL) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,281 shares of the energy company’s stock after purchasing an additional 2,222 shares during the quarter. Bank OZK’s holdings in Shell were worth $1,083,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Foster Group Inc. grew its position in Shell by 5.0% in the 4th quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock valued at $213,000 after purchasing an additional 162 shares during the period. Warther Private Wealth LLC raised its stake in Shell by 5.5% in the 4th quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company’s stock valued at $205,000 after acquiring an additional 169 shares during the period. Klingman & Associates LLC raised its stake in Shell by 5.2% in the 4th quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company’s stock valued at $214,000 after acquiring an additional 170 shares during the period. RHS Financial LLC grew its position in shares of Shell by 3.1% during the 4th quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock valued at $355,000 after purchasing an additional 173 shares in the last quarter. Finally, Doliver Advisors LP lifted its position in Shell by 5.2% during the fourth quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock valued at $228,000 after purchasing an additional 180 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

Shares of SHEL stock opened at $67.42 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The company has a market capitalization of $205.03 billion, a P/E ratio of 13.43, a PEG ratio of 0.98 and a beta of 0.54. The stock has a 50 day moving average price of $65.36 and a two-hundred day moving average price of $66.71. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. Analysts expect that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be paid a $0.716 dividend. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend is Friday, February 14th. Shell’s dividend payout ratio is currently 56.97%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Friday, January 3rd. Piper Sandler lowered their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company lowered their target price on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Finally, Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $79.11.

About Shell

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.