Shell plc (NYSE:SHEL) is Palogic Value Management L.P.’s 9th Largest Position

Palogic Value Management L.P. boosted its stake in Shell plc (NYSE:SHEL) by 25.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,602 shares of the energy company’s stock after buying an additional 15,120 shares during the period. Shell accounts for approximately 1.8% of Palogic Value Management L.P.’s portfolio, making the stock its 9th largest position. Palogic Value Management L.P.’s holdings in Shell were worth $4,736,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. OneDigital Investment Advisors LLC lifted its holdings in shares of Shell by 2.5% during the third quarter. OneDigital Investment Advisors LLC now owns 7,889 shares of the energy company’s stock valued at $520,000 after purchasing an additional 196 shares during the last quarter. Caprock Group LLC lifted its holdings in shares of Shell by 3.5% during the third quarter. Caprock Group LLC now owns 30,072 shares of the energy company’s stock valued at $1,983,000 after purchasing an additional 1,012 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Shell by 1.7% during the third quarter. PNC Financial Services Group Inc. now owns 890,180 shares of the energy company’s stock valued at $58,707,000 after purchasing an additional 14,690 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of Shell during the third quarter valued at approximately $4,695,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Shell by 60.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,482 shares of the energy company’s stock valued at $889,000 after purchasing an additional 5,104 shares during the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Trading Up 0.5 %

NYSE:SHEL opened at $71.91 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61. The company has a market cap of $217.43 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. The company has a 50 day simple moving average of $66.92 and a two-hundred day simple moving average of $66.26.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. Research analysts forecast that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be given a dividend of $0.716 per share. This is an increase from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.98%. Shell’s payout ratio is presently 56.97%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SHEL shares. TD Cowen started coverage on shares of Shell in a report on Wednesday. They set a “buy” rating and a $81.00 target price for the company. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. TD Securities raised their price target on shares of Shell from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, 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. One research analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $79.48.

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.