Palogic Value Management L.P. Acquires 15,120 Shares of Shell plc (NYSE:SHEL)

Palogic Value Management L.P. raised its position in Shell plc (NYSE:SHEL - Free Report) by 25.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 75,602 shares of the energy company's stock after purchasing an additional 15,120 shares during the period. Shell accounts for approximately 1.8% of Palogic Value Management L.P.'s portfolio, making the stock its 9th biggest holding. Palogic Value Management L.P.'s holdings in Shell were worth $4,736,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Valley National Advisers Inc. raised its position in shares of Shell by 930.2% during the 4th 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. Human Investing LLC purchased a new position in shares of Shell in the fourth quarter valued at approximately $31,000. Brooklyn Investment Group acquired a new position in shares of Shell in the third quarter worth $35,000. Sierra Ocean LLC acquired a new stake in Shell in the 4th quarter valued at about $39,000. Finally, Kieckhefer Group LLC purchased a new position in Shell in the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 28.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SHEL. Morgan Stanley upgraded shares of Shell from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Piper Sandler cut 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. Wells Fargo & Company decreased their target price on shares of Shell from $86.00 to $82.00 and set an "overweight" rating on the stock 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 price objective on the stock in a research note on Friday, January 3rd. Finally, TD Cowen started coverage on shares of Shell in a research report on Wednesday, March 19th. They set a "buy" rating and a $81.00 price target on the stock. One analyst has rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $79.48.

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Shell Price Performance

Shares of NYSE:SHEL traded up $0.76 during trading on Tuesday, reaching $72.04. 7,373,017 shares of the company traded hands, compared to its average volume of 3,964,497. Shell plc has a 52 week low of $60.15 and a 52 week 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's 50 day moving average is $67.17 and its two-hundred day moving average is $66.24. The firm has a market capitalization of $217.83 billion, a PE ratio of 14.35, a PEG ratio of 0.98 and a beta of 0.47.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings results 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 earnings per share for the current year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were given a $0.716 dividend. 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 3.98%. This is an increase from Shell's previous quarterly dividend of $0.69. Shell's payout ratio 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.