Potomac Fund Management Inc. ADV Invests $1.49 Million in Shell plc (NYSE:SHEL)

Potomac Fund Management Inc. ADV purchased a new stake in Shell plc (NYSE:SHEL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 23,719 shares of the energy company’s stock, valued at approximately $1,486,000. Shell comprises 1.3% of Potomac Fund Management Inc. ADV’s holdings, making the stock its 16th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in Shell by 11.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 184,919 shares of the energy company’s stock worth $12,195,000 after purchasing an additional 18,725 shares during the period. CreativeOne Wealth LLC lifted its position in Shell by 5.3% in the third quarter. CreativeOne Wealth LLC now owns 8,324 shares of the energy company’s stock valued at $549,000 after buying an additional 417 shares during the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of Shell in the third quarter valued at $671,000. Holocene Advisors LP raised its stake in shares of Shell by 29.8% in the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock valued at $248,870,000 after acquiring an additional 866,954 shares in the last quarter. Finally, Hilltop Holdings Inc. grew its stake in shares of Shell by 25.6% during the third quarter. Hilltop Holdings Inc. now owns 20,030 shares of the energy company’s stock worth $1,321,000 after purchasing an additional 4,085 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SHEL has been the subject of a number of research analyst reports. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. 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 research report on Friday, January 3rd. TD Securities increased their price target on Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, March 19th. Wells Fargo & Company increased their target price on Shell from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 26th. Finally, TD Cowen began coverage on shares of Shell in a research report on Wednesday, March 19th. They issued a “buy” rating and a $81.00 price objective for the company. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Shell presently has a consensus rating of “Buy” and a consensus price target of $80.10.

Shell Stock Up 0.8 %

Shares of NYSE:SHEL opened at $73.32 on Tuesday. Shell plc has a 52 week low of $60.15 and a 52 week 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 company has a market cap of $221.69 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. The firm has a 50 day simple moving average of $67.82 and a 200 day simple moving average of $66.46.

Shell (NYSE:SHEL) last posted its quarterly earnings results 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 net margin of 5.57% and a return on equity of 12.75%. As a group, research analysts expect that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, February 14th were issued a $0.716 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 3.91%. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio is currently 56.97%.

Shell Company 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.