Dynamic Technology Lab Private Ltd Buys Shares of 5,394 Shell plc (NYSE:SHEL)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Shell plc (NYSE:SHEL) during the 4th quarter, HoldingsChannel.com reports. The firm bought 5,394 shares of the energy company’s stock, valued at approximately $355,000.

Several other large investors also recently added to or reduced their stakes in SHEL. Provence Wealth Management Group purchased a new position in shares of Shell during the 3rd quarter valued at $26,000. VisionPoint Advisory Group LLC purchased a new position in shares of Shell during the 3rd quarter valued at $26,000. Rise Advisors LLC grew its holdings in shares of 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 acquiring an additional 189 shares in the last quarter. Valley National Advisers Inc. grew its holdings in shares of Shell by 217.7% during the 4th quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 283 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Shell during the 3rd quarter valued at $32,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Trading Up 0.6 %

Shares of NYSE:SHEL opened at $70.82 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. Shell plc has a 1 year low of $55.78 and a 1 year high of $74.61. The firm has a fifty day moving average price of $70.95 and a 200 day moving average price of $66.63. The stock has a market capitalization of $226.29 billion, a PE ratio of 13.07, a P/E/G ratio of 1.82 and a beta of 0.59.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, May 2nd. The energy company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.51. Shell had a net margin of 5.83% and a return on equity of 13.83%. The company had revenue of $74.70 billion during the quarter, compared to analysts’ expectations of $88.03 billion. Analysts expect that Shell plc will post 8.37 EPS for the current fiscal year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 3.89%. This is a boost from Shell’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Thursday, May 16th. Shell’s dividend payout ratio is 50.74%.

Wall Street Analyst Weigh In

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

About Shell

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.