Park Capital Management LLC WI Makes New Investment in Shell plc (NYSE:SHEL)

Park Capital Management LLC WI acquired a new stake in Shell plc (NYSE:SHEL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,888 shares of the energy company's stock, valued at approximately $369,000.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Shell during the 3rd quarter valued at about $121,000. Procyon Advisors LLC grew its position in Shell by 3.2% in the third quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company's stock valued at $335,000 after acquiring an additional 159 shares in the last quarter. Creative Planning lifted its holdings in Shell by 4.8% in the 3rd quarter. Creative Planning now owns 306,491 shares of the energy company's stock worth $20,213,000 after buying an additional 13,904 shares in the last quarter. Regatta Capital Group LLC boosted its holdings in Shell by 1.9% in the third quarter. Regatta Capital Group LLC now owns 27,752 shares of the energy company's stock valued at $1,830,000 after purchasing an additional 521 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC grew its position in shares of Shell by 5.5% during the third quarter. Foster Victor Wealth Advisors LLC now owns 4,380 shares of the energy company's stock worth $299,000 after buying an additional 230 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Price Performance

Shares of SHEL traded down $0.22 during mid-day trading on Friday, hitting $67.16. 2,934,808 shares of the company traded hands, compared to its average volume of 4,037,361. The stock has a market capitalization of $205.33 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 0.98 and a beta of 0.54. Shell plc has a one year low of $60.15 and a one year high of $74.61. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average of $64.56 and a 200 day moving average of $66.93.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings data 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%. As a group, equities analysts expect that Shell plc will post 7.46 earnings per share for the current fiscal year.

Shell Increases Dividend

The firm 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 dividend of $0.716 per share. The ex-dividend date is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.26%. This is a positive change from Shell's previous quarterly dividend of $0.69. Shell's dividend payout ratio (DPR) is currently 54.78%.

Analysts Set New Price Targets

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