Shell plc (NYSE:SHEL) is Yaupon Capital Management LP's 8th Largest Position

Yaupon Capital Management LP lowered its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 686,365 shares of the energy company's stock after selling 7,276 shares during the quarter. Shell makes up 1.8% of Yaupon Capital Management LP's portfolio, making the stock its 8th biggest holding. Yaupon Capital Management LP's holdings in Shell were worth $43,001,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SHEL. Virtu Financial LLC bought a new stake in Shell in the third quarter worth $5,154,000. World Investment Advisors LLC raised its position in Shell by 37.0% during the third quarter. World Investment Advisors LLC now owns 5,594 shares of the energy company's stock valued at $369,000 after purchasing an additional 1,512 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Shell during the 3rd quarter valued at $2,552,000. Tidal Investments LLC raised its stake in shares of Shell by 267.9% in the third quarter. Tidal Investments LLC now owns 230,027 shares of the energy company's stock valued at $15,170,000 after acquiring an additional 167,502 shares during the period. Finally, Synovus Financial Corp raised its position in Shell by 23.7% in the 3rd quarter. Synovus Financial Corp now owns 105,674 shares of the energy company's stock worth $6,969,000 after purchasing an additional 20,241 shares during the period. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SHEL. TD Securities reiterated a "buy" rating on shares of Shell in a research report on Friday, April 4th. Scotiabank lowered their price target on Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. TD Cowen cut their price target on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Wolfe Research raised shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price target for the company in a research report on Friday, January 3rd. Finally, Morgan Stanley raised Shell from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. 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. According to MarketBeat, Shell has an average rating of "Buy" and a consensus target price of $77.73.

Shell Price Performance

Shares of NYSE SHEL opened at $64.67 on Tuesday. The firm has a market cap of $195.55 billion, a P/E ratio of 12.88, a P/E/G ratio of 0.98 and a beta of 0.27. The business's 50 day moving average price is $67.27 and its 200 day moving average price is $66.06. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. Shell plc has a 52 week low of $58.55 and a 52 week high of $74.61.

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 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%. On average, sell-side analysts expect that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were issued a $0.716 dividend. This is a boost 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 4.43%. Shell's payout ratio is presently 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.

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