Entropy Technologies LP Acquires New Shares in Shell plc (NYSE:SHEL)

Entropy Technologies LP purchased a new stake in Shell plc (NYSE:SHEL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 16,328 shares of the energy company’s stock, valued at approximately $1,023,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SHEL. Valley National Advisers Inc. boosted its stake in Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after buying an additional 400 shares during the period. Fortitude Family Office LLC purchased a new position in shares of Shell during the 3rd quarter worth approximately $30,000. Valley Wealth Managers Inc. purchased a new stake in Shell in the third quarter valued at approximately $33,000. Brooklyn Investment Group purchased a new position in shares of Shell during the third quarter worth $35,000. Finally, GHP Investment Advisors Inc. grew its stake in shares of Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after buying an additional 163 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Friday, January 3rd. Piper Sandler cut their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wells Fargo & Company reduced their price objective on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $79.11.

Shell Price Performance

Shares of NYSE SHEL opened at $66.13 on Tuesday. The firm has a market capitalization of $202.19 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. The stock’s 50-day simple moving average is $64.29 and its 200-day simple moving average is $67.07.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. As a group, equities research analysts forecast that Shell plc will post 7.46 EPS for the current fiscal year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be paid a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio (DPR) is currently 54.78%.

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.