ZEGA Investments LLC Makes New Investment in Shell plc (NYSE:SHEL)

ZEGA Investments LLC purchased a new position in shares of Shell plc (NYSE:SHEL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,062 shares of the energy company’s stock, valued at approximately $200,000.

Other institutional investors also recently bought and sold shares of the company. Segall Bryant & Hamill LLC purchased a new position in shares of Shell during the 3rd quarter valued at approximately $4,695,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Shell by 60.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,482 shares of the energy company’s stock valued at $889,000 after purchasing an additional 5,104 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Shell by 3.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 11,425 shares of the energy company’s stock valued at $754,000 after purchasing an additional 328 shares in the last quarter. Cypress Capital Group purchased a new stake in Shell in the 3rd quarter worth $218,000. Finally, Thompson Siegel & Walmsley LLC increased its holdings in Shell by 1.9% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 15,775 shares of the energy company’s stock worth $1,040,000 after acquiring an additional 300 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Trading Down 1.2 %

NYSE SHEL opened at $71.08 on Friday. The firm’s 50-day moving average is $67.05 and its two-hundred day moving average is $66.26. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The stock has a market capitalization of $214.91 billion, a P/E ratio of 14.16, a PEG ratio of 0.98 and a beta of 0.47.

Shell (NYSE:SHEL) last posted its 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%. On average, sell-side analysts anticipate that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.716 per share. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a yield of 4.03%. Shell’s dividend payout ratio is 56.97%.

Analyst Ratings Changes

Several brokerages recently commented on SHEL. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. TD Cowen began coverage on shares of Shell in a research note on Wednesday. They set a “buy” rating and a $81.00 target price on the stock. Wells Fargo & Company lowered their target price on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, TD Securities lifted their target price on shares of Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $79.48.

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.