one8zero8 LLC Purchases New Shares in Shell plc (NYSE:SHEL)

one8zero8 LLC purchased a new stake in Shell plc (NYSE:SHEL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,300 shares of the energy company’s stock, valued at approximately $207,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Valley National Advisers Inc. increased its position in shares of Shell by 930.2% during 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. Human Investing LLC purchased a new stake in shares of Shell during the 4th quarter valued at $31,000. Brooklyn Investment Group purchased a new stake in shares of Shell during the 3rd quarter valued at $35,000. Sierra Ocean LLC purchased a new stake in shares of Shell during the 4th quarter valued at $39,000. Finally, Kieckhefer Group LLC purchased a new stake in Shell in the 4th quarter worth about $40,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Shell Stock Performance

Shares of SHEL opened at $70.11 on Tuesday. The company has a market cap of $213.21 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average price of $66.54 and a 200-day moving average price of $66.19. Shell plc has a 12-month low of $60.15 and a 12-month 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 (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 analysts forecast that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be given a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Shell’s previous quarterly dividend of $0.69. 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.