Y Intercept Hong Kong Ltd Takes Position in Shell plc (NYSE:SHEL)

Y Intercept Hong Kong Ltd acquired a new position in shares of Shell plc (NYSE:SHEL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,034 shares of the energy company’s stock, valued at approximately $629,000.

A number of other hedge funds also recently made changes to their positions in SHEL. Valley National Advisers Inc. raised its position in shares of Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after acquiring an additional 400 shares during the last quarter. Human Investing LLC bought a new stake in Shell in the fourth quarter worth approximately $31,000. Valley Wealth Managers Inc. bought a new stake in Shell in the third quarter worth approximately $33,000. Brooklyn Investment Group bought a new stake in Shell in the third quarter worth approximately $35,000. Finally, Sierra Ocean LLC bought a new stake in Shell in the fourth quarter worth approximately $39,000. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Up 0.2 %

Shares of NYSE:SHEL opened at $67.42 on Friday. The stock has a market cap of $205.03 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 0.98 and a beta of 0.54. 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 12-month low of $60.15 and a 12-month high of $74.61. The business’s 50 day moving average is $65.36 and its 200 day moving average is $66.71.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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 forecast 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 will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be given a $0.716 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.86 annualized dividend and a yield of 4.25%. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is currently 56.97%.

Wall Street Analysts Forecast Growth

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

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.