Palogic Value Management L.P. Has $4.74 Million Stock Position in Shell plc (NYSE:SHEL)

Palogic Value Management L.P. lifted its position in shares of Shell plc (NYSE:SHEL) by 25.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,602 shares of the energy company’s stock after buying an additional 15,120 shares during the quarter. Shell makes up 1.8% of Palogic Value Management L.P.’s holdings, making the stock its 9th largest holding. Palogic Value Management L.P.’s holdings in Shell were worth $4,736,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SHEL. Valley National Advisers Inc. lifted its stake in shares of Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after buying an additional 400 shares in the last quarter. Human Investing LLC purchased a new stake in Shell in the 4th quarter worth $31,000. Brooklyn Investment Group purchased a new stake in Shell in the 3rd quarter worth $35,000. Sierra Ocean LLC purchased a new stake in Shell in the 4th quarter worth $39,000. Finally, Kieckhefer Group LLC purchased a new stake in Shell in the 4th quarter worth $40,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on SHEL shares. Wells Fargo & Company decreased their price target on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. TD Securities boosted their price target on shares of Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday. TD Cowen began coverage on shares of Shell in a research note on Wednesday. They issued a “buy” rating and a $81.00 price target on the stock. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Friday, January 3rd. Finally, Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $79.48.

Shell Stock Performance

Shares of NYSE:SHEL opened at $71.91 on Friday. The company has a market capitalization of $217.43 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 0.98 and a beta of 0.47. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61. The firm’s 50-day moving average is $66.92 and its 200 day moving average is $66.26. 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 (NYSE:SHEL) last issued 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 predict that Shell plc will post 7.67 EPS for the current year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be issued a $0.716 dividend. This represents a $2.86 annualized dividend and a dividend yield of 3.98%. This is a boost from Shell’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, February 14th. Shell’s dividend payout ratio is currently 56.97%.

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.