Syon Capital LLC Buys 802 Shares of Shell plc (NYSE:SHEL)

Syon Capital LLC raised its stake in shares of Shell plc (NYSE:SHEL) by 7.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,345 shares of the energy company’s stock after purchasing an additional 802 shares during the period. Syon Capital LLC’s holdings in Shell were worth $746,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Provence Wealth Management Group purchased a new position in shares of Shell in the third quarter valued at about $26,000. VisionPoint Advisory Group LLC purchased a new position in shares of Shell in the third quarter valued at about $26,000. Rise Advisors LLC lifted its position in shares of Shell by 84.4% in the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock worth $27,000 after buying an additional 189 shares in the last quarter. Valley National Advisers Inc. lifted its position in shares of Shell by 217.7% in the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after buying an additional 283 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Shell in the third quarter worth about $32,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Shell Stock Performance

SHEL stock remained flat at $73.27 during midday trading on Friday. The company’s stock had a trading volume of 3,082,931 shares, compared to its average volume of 4,730,927. Shell plc has a fifty-two week low of $55.78 and a fifty-two week high of $73.94. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.38. The stock’s 50-day simple moving average is $67.42 and its 200 day simple moving average is $65.82. The firm has a market cap of $235.75 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 1.73 and a beta of 0.62.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.28. Shell had a return on equity of 14.69% and a net margin of 5.99%. The business had revenue of $80.13 billion for the quarter, compared to the consensus estimate of $89.59 billion. During the same period in the prior year, the business posted $2.76 earnings per share. Research analysts anticipate that Shell plc will post 8.16 earnings per share for the current year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, February 16th were given a dividend of $0.662 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $2.65 dividend on an annualized basis and a yield of 3.61%. Shell’s dividend payout ratio (DPR) is presently 48.59%.

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.