Shell plc (NYSE:SHEL) Shares Sold by Interval Partners LP

Interval Partners LP cut its holdings in Shell plc (NYSE:SHEL) by 42.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,719 shares of the energy company’s stock after selling 30,257 shares during the period. Interval Partners LP’s holdings in Shell were worth $2,551,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Valley National Advisers Inc. grew its holdings in shares of Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after purchasing an additional 400 shares during the last quarter. CoreFirst Bank & Trust purchased a new position in shares of Shell during the fourth quarter worth about $28,000. Human Investing LLC purchased a new position in shares of Shell during the fourth quarter worth about $31,000. Transce3nd LLC purchased a new position in shares of Shell during the fourth quarter worth about $34,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Shell during the fourth quarter worth about $36,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Performance

Shares of SHEL stock opened at $66.16 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. Shell plc has a one year low of $58.55 and a one year high of $74.61. The company’s 50-day simple moving average is $66.74 and its 200-day simple moving average is $65.84. The stock has a market capitalization of $199.01 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 0.98 and a beta of 0.38.

Shell (NYSE:SHEL) last released its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.30. Shell had a net margin of 5.57% and a return on equity of 12.75%. The firm had revenue of $69.23 billion for the quarter, compared to analyst estimates of $79.18 billion. During the same quarter in the prior year, the business earned $2.40 earnings per share. Equities analysts anticipate that Shell plc will post 7.67 earnings per share for the current fiscal year.

Shell announced that its Board of Directors has authorized a share buyback program on Friday, May 2nd that allows the company to buyback $3.50 billion in shares. This buyback authorization allows the energy company to purchase up to 1.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, May 16th will be issued a $0.716 dividend. This represents a $2.86 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Friday, May 16th. Shell’s dividend payout ratio (DPR) is presently 65.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SHEL shares. Scotiabank lowered their price target on Shell from $75.00 to $70.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Royal Bank of Canada reissued an “outperform” rating on shares of Shell in a report on Wednesday, March 26th. TD Cowen lowered their price objective on Shell from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. TD Securities reaffirmed a “buy” rating on shares of Shell in a report on Friday, April 4th. Finally, Barclays reaffirmed an “overweight” rating on shares of Shell in a report on Wednesday, March 26th. One equities research 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $77.35.

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.