Park Capital Management LLC WI Makes New Investment in Shell plc (NYSE:SHEL)

Park Capital Management LLC WI acquired a new stake in Shell plc (NYSE:SHEL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,888 shares of the energy company’s stock, valued at approximately $369,000.

Other hedge funds have also modified their holdings of the company. Procyon Advisors LLC boosted its position in Shell by 3.2% during the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock valued at $335,000 after purchasing an additional 159 shares during the period. Foster Group Inc. grew its stake in Shell by 5.0% in the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock valued at $213,000 after purchasing an additional 162 shares in the last quarter. GHP Investment Advisors Inc. grew its stake in Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after purchasing an additional 163 shares in the last quarter. Warther Private Wealth LLC boosted its stake in shares of Shell by 5.5% during the 4th quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company’s stock worth $205,000 after acquiring an additional 169 shares in the last quarter. Finally, RHS Financial LLC boosted its stake in Shell by 3.1% during the 4th quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock valued at $355,000 after purchasing an additional 173 shares during the period. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SHEL has been the subject of several recent research reports. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Wells Fargo & Company dropped their price target on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Piper Sandler reduced their price target on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Finally, Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Friday, January 3rd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Shell currently has a consensus rating of “Buy” and an average target price of $79.11.

Shell Trading Down 0.9 %

NYSE:SHEL opened at $66.75 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $204.09 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The firm’s 50 day moving average is $64.42 and its 200 day moving average is $67.00. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (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%. Sell-side analysts expect that Shell plc will post 7.46 earnings per share for the current year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.716 per share. This is a boost from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.29%. Shell’s dividend payout ratio is presently 54.78%.

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.