5,110 Shares in Shell plc (NYSE:SHEL) Acquired by Rahlfs Capital LLC

Rahlfs Capital LLC bought a new position in shares of Shell plc (NYSE:SHEL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,110 shares of the energy company's stock, valued at approximately $320,000.

Several other institutional investors have also made changes to their positions in the stock. Valley National Advisers Inc. increased its stake in shares of Shell by 930.2% in the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock valued at $27,000 after buying an additional 400 shares during the period. CoreFirst Bank & Trust purchased a new position in Shell in the fourth quarter worth $28,000. Human Investing LLC bought a new stake in Shell in the fourth quarter worth about $31,000. Millstone Evans Group LLC bought a new position in Shell during the fourth quarter valued at $36,000. Finally, Summit Securities Group LLC increased its holdings in Shell by 50.0% in the 4th quarter. Summit Securities Group LLC now owns 600 shares of the energy company's stock worth $38,000 after acquiring an additional 200 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SHEL has been the subject of several analyst reports. TD Securities restated a "buy" rating on shares of Shell in a research note on Friday. UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. Barclays reiterated an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. TD Cowen cut their target price on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Piper Sandler cut their target price on shares of Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $78.98.

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Shell Stock Down 0.7 %

NYSE SHEL traded down $0.44 during mid-day trading on Wednesday, reaching $59.32. The stock had a trading volume of 5,179,770 shares, compared to its average volume of 4,245,223. The company has a fifty day moving average price of $67.86 and a 200 day moving average price of $66.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. Shell plc has a 1 year low of $58.56 and a 1 year high of $74.61. The stock has a market cap of $179.35 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 0.98 and a beta of 0.27.

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 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, research analysts expect that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were given a dividend of $0.716 per share. This is an increase from Shell's previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.83%. Shell's dividend payout ratio is 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.