Y Intercept Hong Kong Ltd Invests $629,000 in Shell plc (NYSE:SHEL)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Shell plc (NYSE:SHEL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,034 shares of the energy company's stock, valued at approximately $629,000.

Other hedge funds have also recently modified their holdings of the company. Valley National Advisers Inc. lifted its stake in Shell by 930.2% in the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company's stock worth $27,000 after acquiring an additional 400 shares during the period. Human Investing LLC bought a new position in Shell in the 4th quarter worth $31,000. Valley Wealth Managers Inc. bought a new stake in shares of Shell during the 3rd quarter valued at about $33,000. Brooklyn Investment Group purchased a new position in shares of Shell during the third quarter valued at about $35,000. Finally, Sierra Ocean LLC purchased a new stake in Shell in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 28.60% of the company's stock.

Shell Stock Performance

Shares of Shell stock traded down $0.27 during trading on Tuesday, hitting $66.19. 4,414,132 shares of the company's stock traded hands, compared to its average volume of 4,029,244. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The business has a 50-day simple moving average of $65.60 and a 200-day simple moving average of $66.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The stock has a market capitalization of $201.29 billion, a P/E ratio of 13.19, a PEG ratio of 0.98 and a beta of 0.54.

Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings results 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%. As a group, analysts forecast that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be issued a $0.716 dividend. This is a boost from Shell's previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date is Friday, February 14th. Shell's dividend payout ratio (DPR) is currently 56.97%.

Wall Street Analysts Forecast Growth

SHEL has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their target price on Shell from $86.00 to $82.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Piper Sandler decreased their price objective on Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. UBS Group upgraded shares of Shell from a "neutral" rating to a "buy" rating in a report on Wednesday, January 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 shares of Shell from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Shell presently has an average rating of "Buy" and an average price target of $79.11.

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.