Park Capital Management LLC WI Buys New Stake in Shell plc (NYSE:SHEL)

Park Capital Management LLC WI acquired a new position in Shell plc (NYSE:SHEL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,888 shares of the energy company’s stock, valued at approximately $369,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SHEL. Valley National Advisers Inc. raised its holdings in shares of Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after purchasing an additional 400 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in Shell during the 3rd quarter worth approximately $30,000. Valley Wealth Managers Inc. purchased a new stake in Shell during the 3rd quarter worth approximately $33,000. Brooklyn Investment Group purchased a new stake in shares of Shell in the 3rd quarter valued at $35,000. Finally, GHP Investment Advisors Inc. boosted its holdings in shares of Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after acquiring an additional 163 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Piper Sandler decreased their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Wolfe Research raised shares of 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. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their price target on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and raised their price objective 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 assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $79.11.

Shell Stock Performance

Shell stock opened at $66.75 on Thursday. The stock has a market cap of $204.09 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. 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 52 week low of $60.15 and a 52 week high of $74.61. The stock has a 50 day moving average of $64.42 and a 200-day moving average of $67.00.

Shell (NYSE:SHEL) last released its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (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%. On average, analysts expect that Shell plc will post 7.46 EPS for the current fiscal year.

Shell Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be given a $0.716 dividend. This is an increase from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.29%. The ex-dividend date is Friday, February 14th. Shell’s payout ratio is currently 54.78%.

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.