GAMMA Investing LLC Makes New $205,000 Investment in Shell plc (NYSE:SHEL)

GAMMA Investing LLC purchased a new position in shares of Shell plc (NYSE:SHEL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,251 shares of the energy company’s stock, valued at approximately $205,000.

Several other large investors also recently bought and sold shares of the stock. FMR LLC increased its holdings in shares of Shell by 29.1% in the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after acquiring an additional 6,554,340 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Shell by 162.9% in the 3rd quarter. Invesco Ltd. now owns 1,763,562 shares of the energy company’s stock valued at $113,538,000 after acquiring an additional 1,092,670 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Shell by 10.7% in the 3rd quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock valued at $562,866,000 after acquiring an additional 848,104 shares during the last quarter. L1 Capital Pty Ltd increased its holdings in shares of Shell by 188.7% in the 3rd quarter. L1 Capital Pty Ltd now owns 1,224,617 shares of the energy company’s stock valued at $78,841,000 after acquiring an additional 800,365 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of Shell by 7,154.1% in the 3rd quarter. Lazard Asset Management LLC now owns 785,622 shares of the energy company’s stock valued at $50,578,000 after acquiring an additional 774,792 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

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

Shell Stock Up 0.2 %

Shell stock opened at $73.27 on Friday. Shell plc has a twelve month low of $55.78 and a twelve month high of $73.94. The stock has a 50 day moving average of $67.42 and a two-hundred day moving average of $65.82. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $235.75 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 1.73 and a beta of 0.62.

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

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were paid a $0.662 dividend. This represents a $2.65 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Thursday, February 15th. Shell’s payout ratio is currently 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.