Drum Hill Capital LLC Makes New $3.73 Million Investment in Shell plc (NYSE:SHEL)

Drum Hill Capital LLC acquired a new position in shares of Shell plc (NYSE:SHEL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 59,486 shares of the energy company’s stock, valued at approximately $3,727,000. Shell comprises approximately 4.6% of Drum Hill Capital LLC’s portfolio, making the stock its 7th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the stock. Valley National Advisers Inc. grew 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 purchasing an additional 400 shares during the period. Fortitude Family Office LLC bought a new position in Shell during the third quarter worth $30,000. Human Investing LLC bought a new stake in Shell in the fourth quarter valued at $31,000. Valley Wealth Managers Inc. acquired a new position in shares of Shell during the third quarter valued at about $33,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Shell in the 3rd quarter valued at about $35,000. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Down 2.5 %

Shell stock opened at $66.67 on Friday. 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 has a market cap of $202.75 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 0.97 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 firm’s 50-day simple moving average is $64.89 and its 200 day simple moving average is $66.81.

Shell (NYSE:SHEL) last released its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. Research analysts predict that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders 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 dividend yield of 4.30%. This is a boost from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. Shell’s payout ratio is presently 56.97%.

Analyst Upgrades and Downgrades

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

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.