Tyche Wealth Partners LLC Makes New $247,000 Investment in Shell plc (NYSE:SHEL)

Tyche Wealth Partners LLC acquired a new position in shares of Shell plc (NYSE:SHEL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,749 shares of the energy company’s stock, valued at approximately $247,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in shares of Shell in the 1st quarter valued at $443,000. Yousif Capital Management LLC bought a new position in shares of Shell in the 1st quarter valued at $3,322,000. Synovus Financial Corp bought a new position in shares of Shell in the 1st quarter valued at $1,018,000. Vontobel Holding Ltd. bought a new position in shares of Shell in the 1st quarter valued at $791,000. Finally, Blair William & Co. IL bought a new position in shares of Shell in the 1st quarter valued at $2,090,000. Institutional investors own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

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

Shell Trading Up 0.1 %

NYSE SHEL opened at $71.15 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.38. Shell plc has a twelve month low of $55.78 and a twelve month high of $73.94. The company has a market cap of $228.93 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 2.17 and a beta of 0.62. The business’s fifty day moving average is $66.37 and its 200 day moving average is $65.45.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, topping the consensus estimate of $1.94 by $0.28. The firm had revenue of $80.13 billion for the quarter, compared to the consensus estimate of $89.59 billion. Shell had a return on equity of 14.69% and a net margin of 5.99%. During the same period in the previous year, the business earned $2.76 EPS. As a group, sell-side analysts expect that Shell plc will post 8.18 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, February 16th were issued a dividend of $0.662 per share. This represents a $2.65 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend was Thursday, February 15th. Shell’s payout ratio is presently 48.59%.

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.