May Hill Capital LLC Makes New Investment in Shell plc (NYSE:SHEL)

May Hill Capital LLC purchased a new stake in Shell plc (NYSE:SHEL) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,671 shares of the energy company’s stock, valued at approximately $418,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. boosted its stake in shares of Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after purchasing an additional 400 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in shares of Shell in the fourth quarter valued at approximately $28,000. Human Investing LLC bought a new position in Shell during the 4th quarter worth about $31,000. Millstone Evans Group LLC bought a new stake in Shell in the 4th quarter valued at approximately $36,000. Finally, Summit Securities Group LLC grew its position in Shell by 50.0% in the fourth quarter. Summit Securities Group LLC now owns 600 shares of the energy company’s stock valued at $38,000 after purchasing an additional 200 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Price Performance

Shares of SHEL opened at $73.32 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. The company has a market capitalization of $221.69 billion, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. The firm has a 50 day moving average of $67.82 and a 200 day moving average of $66.46.

Shell (NYSE:SHEL) last issued its quarterly earnings data 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%. 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 company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were paid a $0.716 dividend. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date was Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 3.91%. Shell’s payout ratio is presently 56.97%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SHEL. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. TD Securities increased their price target on shares of Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, March 19th. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wells Fargo & Company lifted their price target on Shell from $81.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, March 26th. Finally, TD Cowen assumed coverage on Shell in a research note on Wednesday, March 19th. They issued a “buy” rating and a $81.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Shell currently has a consensus rating of “Buy” and a consensus target price of $80.10.

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.