SCP Investment LP Buys 4,900 Shares of Shell plc (NYSE:SHEL)

SCP Investment LP increased its stake in shares of Shell plc (NYSE:SHEL) by 21.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,800 shares of the energy company’s stock after purchasing an additional 4,900 shares during the quarter. Shell makes up 1.3% of SCP Investment LP’s holdings, making the stock its 12th largest position. SCP Investment LP’s holdings in Shell were worth $1,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SHEL. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. TD Cowen assumed coverage on shares of Shell in a research note on Wednesday, March 19th. They set a “buy” rating and a $81.00 price objective for the company. Wells Fargo & Company upped their target price on Shell from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of Shell in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $80.10.

Shell Stock Down 0.7 %

SHEL opened at $72.74 on Friday. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. 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 stock has a market capitalization of $219.95 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 0.98 and a beta of 0.47. The company has a fifty day moving average of $67.68 and a two-hundred day moving average of $66.42.

Shell (NYSE:SHEL) last issued its quarterly 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%. On average, research 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 was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were given a $0.716 dividend. This is a positive change from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 3.94%. Shell’s dividend payout ratio (DPR) is 56.97%.

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.