Townsquare Capital LLC Purchases 49,011 Shares of Shell plc (NYSE:SHEL)

Townsquare Capital LLC grew its stake in Shell plc (NYSE:SHEL - Free Report) by 44.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,626 shares of the energy company's stock after purchasing an additional 49,011 shares during the quarter. Townsquare Capital LLC's holdings in Shell were worth $10,001,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. CoreFirst Bank & Trust bought a new stake in shares of Shell in the fourth quarter valued at about $28,000. Valley National Advisers Inc. grew 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 worth $27,000 after purchasing an additional 400 shares in the last quarter. Human Investing LLC bought a new position in shares of Shell during the fourth quarter worth approximately $31,000. Millstone Evans Group LLC acquired a new stake in shares of Shell in the fourth quarter valued at approximately $36,000. Finally, Summit Securities Group LLC grew its position in Shell by 50.0% during the fourth quarter. Summit Securities Group LLC now owns 600 shares of the energy company's stock worth $38,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

Shell Trading Up 0.5 %

Shares of Shell stock traded up $0.33 on Monday, hitting $62.42. The stock had a trading volume of 4,860,297 shares, compared to its average volume of 4,306,622. Shell plc has a twelve month low of $58.55 and a twelve month high of $74.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The firm has a market capitalization of $188.74 billion, a P/E ratio of 12.43, a PEG ratio of 0.98 and a beta of 0.27. The stock has a 50 day moving average of $67.48 and a 200 day moving average of $66.18.

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Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. Sell-side analysts expect that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were given a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Shell's previous quarterly dividend of $0.69. Shell's dividend payout ratio is currently 56.97%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SHEL. Scotiabank cut their target price on Shell from $75.00 to $70.00 and set a "sector outperform" rating for the company in a research report on Friday. Royal Bank of Canada reiterated an "outperform" rating on shares of Shell in a research note on Wednesday, March 26th. Piper Sandler dropped their target price 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. Wolfe Research upgraded shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a research report on Friday, January 3rd. Finally, Wells Fargo & Company cut their target price on Shell from $87.00 to $83.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $77.73.

About Shell

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.