Aigen Investment Management LP Acquires Shares of 6,489 Shell plc (NYSE:SHEL)

Aigen Investment Management LP acquired a new position in Shell plc (NYSE:SHEL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,489 shares of the energy company's stock, valued at approximately $407,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Valley National Advisers Inc. boosted its stake in 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 in the last quarter. Human Investing LLC purchased a new stake in shares of Shell in the 4th quarter worth approximately $31,000. Valley Wealth Managers Inc. purchased a new position in Shell during the third quarter valued at $33,000. Brooklyn Investment Group bought a new stake in Shell in the third quarter worth $35,000. Finally, Sierra Ocean LLC bought a new position in shares of Shell during the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 28.60% of the company's stock.

Shell Stock Performance

SHEL traded up $0.02 during trading on Tuesday, hitting $66.81. The company's stock had a trading volume of 4,697,990 shares, compared to its average volume of 4,249,074. The business's 50 day simple moving average is $66.08 and its 200-day simple moving average is $66.35. Shell plc has a one year low of $60.15 and a one year high of $74.61. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. The firm has a market cap of $203.18 billion, a PE ratio of 13.31, a P/E/G ratio of 0.98 and a beta of 0.47.

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Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings data 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, sell-side analysts predict that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be issued a $0.716 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.86 annualized dividend and a yield of 4.29%. This is an increase from Shell's previous quarterly dividend of $0.69. Shell's dividend payout ratio is currently 56.97%.

Analyst Upgrades and Downgrades

Several analysts recently commented on SHEL shares. UBS Group raised shares of Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. Piper Sandler cut their target price on Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. Wolfe Research raised Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a report on Friday, January 3rd. 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 report on Friday, January 31st. Finally, Morgan Stanley raised shares of Shell from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $66.50 to $79.80 in a report 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $79.11.

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.