Sepio Capital LP Has $295,000 Position in Shell plc (NYSE:SHEL)

Sepio Capital LP boosted its stake in shares of Shell plc (NYSE:SHEL) by 11.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,490 shares of the energy company’s stock after purchasing an additional 445 shares during the quarter. Sepio Capital LP’s holdings in Shell were worth $295,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SHEL. Provence Wealth Management Group bought a new stake in Shell in the 3rd quarter valued at $26,000. VisionPoint Advisory Group LLC acquired a new position in shares of Shell in the third quarter valued at about $26,000. Rise Advisors LLC increased its position in Shell by 84.4% during the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after acquiring an additional 189 shares during the period. Valley National Advisers Inc. boosted its holdings in Shell by 217.7% in the 4th quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after purchasing an additional 283 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of Shell during the 3rd quarter worth approximately $32,000. 28.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. TD Securities boosted their price target on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Wells Fargo & Company upped their target price on Shell from $88.00 to $91.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Finally, TheStreet upgraded Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Shell has an average rating of “Moderate Buy” and an average target price of $66.50.

Shell Price Performance

Shares of SHEL stock traded up $0.45 during trading hours on Friday, reaching $70.82. The company’s stock had a trading volume of 2,352,149 shares, compared to its average volume of 3,957,527. Shell plc has a fifty-two week low of $55.78 and a fifty-two week high of $74.61. The firm’s 50 day simple moving average is $70.95 and its 200-day simple moving average is $66.63. The company has a quick ratio of 1.14, a current ratio of 1.42 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $226.29 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 1.82 and a beta of 0.59.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, May 2nd. The energy company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.51. The business had revenue of $74.70 billion for the quarter, compared to analyst estimates of $88.03 billion. Shell had a return on equity of 13.83% and a net margin of 5.83%. Sell-side analysts forecast that Shell plc will post 8.37 earnings per share for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 17th will be paid a $0.688 dividend. This is an increase from Shell’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.75 annualized dividend and a yield of 3.89%. Shell’s dividend payout ratio is presently 50.74%.

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.