Rahlfs Capital LLC Makes New Investment in Shell plc (NYSE:SHEL)

Rahlfs Capital LLC purchased a new stake in Shell plc (NYSE:SHEL) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 5,110 shares of the energy company’s stock, valued at approximately $320,000.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Shell by 51.7% during the fourth quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after purchasing an additional 2,545 shares during the period. Private Advisor Group LLC grew its holdings in shares of Shell by 0.9% during the 4th quarter. Private Advisor Group LLC now owns 33,168 shares of the energy company’s stock worth $2,078,000 after purchasing an additional 301 shares in the last quarter. HF Advisory Group LLC increased its position in shares of Shell by 15.8% in the fourth quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock worth $1,852,000 after purchasing an additional 4,028 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Shell by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 199,856 shares of the energy company’s stock worth $12,521,000 after purchasing an additional 14,937 shares during the period. Finally, Lockheed Martin Investment Management Co. grew its stake in Shell by 266.1% during the fourth quarter. Lockheed Martin Investment Management Co. now owns 122,030 shares of the energy company’s stock worth $7,645,000 after buying an additional 88,700 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Trading Down 8.1 %

Shares of SHEL stock opened at $64.13 on Friday. The company’s fifty day simple moving average is $68.12 and its two-hundred day simple moving average is $66.54. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The stock has a market capitalization of $193.92 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 0.98 and a beta of 0.27. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share 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%. As a group, analysts anticipate that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were paid a dividend of $0.716 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.86 annualized dividend and a yield of 4.47%. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s payout ratio is 56.97%.

Analyst Ratings Changes

SHEL has been the subject of several research analyst reports. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Barclays restated an “overweight” rating on shares of Shell in a research report on Wednesday, March 26th. TD Securities boosted their target price on Shell from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, March 19th. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Friday, January 3rd. Finally, Piper Sandler dropped their price objective 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. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Shell currently has a consensus rating of “Buy” and an average target price of $80.10.

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.