Bfsg LLC Acquires Shares of 1,450 Shell plc (NYSE:SHEL)

Bfsg LLC purchased a new position in Shell plc (NYSE:SHEL) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 1,450 shares of the energy company’s stock, valued at approximately $95,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SHEL. Provence Wealth Management Group purchased a new stake in shares of Shell during the third quarter valued at $26,000. VisionPoint Advisory Group LLC bought a new stake in shares of Shell during the third quarter valued at approximately $26,000. Rise Advisors LLC raised its position in Shell by 84.4% during the 4th quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after purchasing an additional 189 shares in the last quarter. Valley National Advisers Inc. grew its holdings in Shell by 217.7% during the 4th quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after acquiring an additional 283 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Shell in the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Down 0.1 %

Shell stock traded down $0.10 during midday trading on Thursday, reaching $73.03. The company’s stock had a trading volume of 1,274,645 shares, compared to its average volume of 4,713,345. Shell plc has a 52-week low of $55.78 and a 52-week high of $73.94. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.40 and a quick ratio of 1.13. The stock has a market capitalization of $234.98 billion, a P/E ratio of 12.92, a PEG ratio of 1.73 and a beta of 0.62. The stock’s 50-day simple moving average is $67.23 and its 200-day simple moving average is $65.77.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.28. The firm had revenue of $80.13 billion for the quarter, compared to analyst estimates of $89.59 billion. Shell had a net margin of 5.99% and a return on equity of 14.69%. During the same period in the previous year, the company earned $2.76 earnings per share. On average, sell-side analysts expect that Shell plc will post 8.16 EPS for the current year.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were issued a $0.662 dividend. This represents a $2.65 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Thursday, February 15th. Shell’s dividend payout ratio (DPR) is currently 48.59%.

Analyst Ratings Changes

Separately, TheStreet upgraded Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th.

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.