Dynamic Technology Lab Private Ltd Has $907,000 Position in Shell plc (NYSE:SHEL)

Dynamic Technology Lab Private Ltd decreased its position in shares of Shell plc (NYSE:SHEL - Free Report) by 58.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,480 shares of the energy company's stock after selling 20,464 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Shell were worth $907,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. First Wilshire Securities Management Inc. grew its stake in shares of Shell by 1.6% in the fourth quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company's stock worth $596,000 after purchasing an additional 153 shares in the last quarter. Foster Group Inc. raised its position in shares of Shell by 5.0% during the 4th quarter. Foster Group Inc. now owns 3,393 shares of the energy company's stock worth $213,000 after buying an additional 162 shares in the last quarter. Warther Private Wealth LLC lifted its stake in shares of Shell by 5.5% in the 4th quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company's stock worth $205,000 after acquiring an additional 169 shares during the period. Klingman & Associates LLC increased its stake in shares of Shell by 5.2% during the fourth quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company's stock valued at $214,000 after acquiring an additional 170 shares during the period. Finally, RHS Financial LLC boosted its position in shares of Shell by 3.1% during the 4th quarter. RHS Financial LLC now owns 5,667 shares of the energy company's stock valued at $355,000 after purchasing an additional 173 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

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Shell Stock Down 5.4 %

Shares of Shell stock traded down $3.44 on Thursday, hitting $60.45. 5,072,269 shares of the company traded hands, compared to its average volume of 4,274,158. The company has a market cap of $182.80 billion, a PE ratio of 12.03, a PEG ratio of 0.98 and a beta of 0.27. Shell plc has a 12-month low of $58.55 and a 12-month 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 company has a 50-day moving average price of $67.77 and a 200 day moving average price of $66.31.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly 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%. Sell-side analysts predict that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were paid a $0.716 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.74%. The ex-dividend date was Friday, February 14th. This is a positive change from Shell's previous quarterly dividend of $0.69. Shell's payout ratio is presently 56.97%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SHEL. Morgan Stanley raised shares of Shell from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Barclays reaffirmed an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. 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 research note on Friday, January 3rd. TD Securities reaffirmed a "buy" rating on shares of Shell in a research note on Friday, April 4th. Finally, TD Cowen dropped their target price on shares of Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $78.98.

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.