Palogic Value Management L.P. Buys 15,120 Shares of Shell plc (NYSE:SHEL)

Palogic Value Management L.P. boosted its stake in shares of Shell plc (NYSE:SHEL) by 25.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,602 shares of the energy company’s stock after purchasing an additional 15,120 shares during the quarter. Shell comprises 1.8% of Palogic Value Management L.P.’s portfolio, making the stock its 10th largest holding. Palogic Value Management L.P.’s holdings in Shell were worth $4,736,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Shell in the 4th quarter worth $91,716,000. Holocene Advisors LP increased its stake in shares of Shell by 29.8% in the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock worth $248,870,000 after purchasing an additional 866,954 shares during the period. Merewether Investment Management LP boosted its stake in Shell by 41.0% during the 3rd quarter. Merewether Investment Management LP now owns 1,544,764 shares of the energy company’s stock valued at $101,877,000 after purchasing an additional 449,000 shares during the period. Fisher Asset Management LLC grew its holdings in Shell by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company’s stock valued at $1,562,412,000 after buying an additional 408,088 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Shell by 16,663.4% during the fourth quarter. SG Americas Securities LLC now owns 307,440 shares of the energy company’s stock worth $19,261,000 after buying an additional 305,606 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Stock Down 0.7 %

Shares of NYSE SHEL opened at $72.74 on Friday. The business has a fifty day moving average of $67.68 and a two-hundred day moving average of $66.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The stock has a market cap of $219.95 billion, a PE ratio of 14.49, a PEG ratio of 0.98 and a beta of 0.47.

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

Shell Increases Dividend

The firm 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 3.94%. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is currently 56.97%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SHEL shares. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Shell in a research report on Wednesday. TD Securities upped their price objective on shares of Shell from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, March 19th. Wells Fargo & Company lifted their target price on Shell from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday. TD Cowen started coverage on Shell in a report on Wednesday, March 19th. They issued a “buy” rating and a $81.00 price target for the company. Finally, Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $80.10.

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.