Y Intercept Hong Kong Ltd Makes New $629,000 Investment in Shell plc (NYSE:SHEL)

Y Intercept Hong Kong Ltd bought a new stake in Shell plc (NYSE:SHEL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,034 shares of the energy company’s stock, valued at approximately $629,000.

Several other hedge funds have also recently made changes to their positions in the company. Birchcreek Wealth Management LLC bought a new stake in shares of Shell in the fourth quarter valued at $206,000. Union Bancaire Privee UBP SA bought a new stake in shares of Shell in the fourth quarter valued at $549,000. Howard Capital Management Inc. raised its stake in shares of Shell by 55.4% in the fourth quarter. Howard Capital Management Inc. now owns 12,078 shares of the energy company’s stock valued at $757,000 after buying an additional 4,306 shares during the period. WESPAC Advisors LLC raised its stake in shares of Shell by 35.4% in the fourth quarter. WESPAC Advisors LLC now owns 13,919 shares of the energy company’s stock valued at $872,000 after buying an additional 3,636 shares during the period. Finally, Wealthspire Advisors LLC raised its stake in shares of Shell by 11.3% in the fourth quarter. Wealthspire Advisors LLC now owns 15,931 shares of the energy company’s stock valued at $998,000 after buying an additional 1,617 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Performance

NYSE:SHEL opened at $67.42 on Friday. The business’s 50-day moving average price is $65.36 and its two-hundred day moving average price is $66.71. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. The stock has a market cap of $205.03 billion, a P/E ratio of 13.43, a PEG ratio of 0.98 and a beta of 0.54. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 EPS 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, equities analysts predict that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The company 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. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.25%. Shell’s dividend payout ratio is 56.97%.

Analyst Ratings Changes

A number of research firms recently issued reports on SHEL. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Piper Sandler decreased their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Morgan Stanley upgraded 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 note on Tuesday, January 7th. Wells Fargo & Company decreased their price objective on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Friday, January 3rd. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $79.11.

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.