3,062 Shares in Shell plc (NYSE:SHEL) Acquired by ZEGA Investments LLC

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

Other large investors have also recently made changes to their positions in the company. Valley National Advisers Inc. increased its stake 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 buying an additional 400 shares during the period. Human Investing LLC acquired a new position in Shell in the fourth quarter valued at approximately $31,000. Brooklyn Investment Group acquired a new position in Shell in the third quarter valued at approximately $35,000. Millstone Evans Group LLC acquired a new position in Shell in the fourth quarter valued at approximately $36,000. Finally, Sierra Ocean LLC acquired a new position in Shell in the fourth quarter valued at approximately $39,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SHEL has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their price target on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Piper Sandler decreased their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. TD Securities increased their price objective on Shell from $81.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday. Finally, 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. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $79.48.

Shell Trading Down 1.2 %

NYSE:SHEL opened at $71.08 on Friday. The stock has a fifty day moving average price of $67.05 and a two-hundred day moving average price of $66.26. The stock has a market capitalization of $214.91 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 0.98 and a beta of 0.47. 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 1 year low of $60.15 and a 1 year high of $74.61.

Shell (NYSE:SHEL) last released its quarterly earnings data 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 return on equity of 12.75% and a net margin of 5.57%. As a group, sell-side analysts anticipate that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The company 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 $0.716 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.03%. This is a boost from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is currently 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.