Aigen Investment Management LP Buys Shares of 6,489 Shell plc (NYSE:SHEL)

Aigen Investment Management LP purchased a new stake in shares of Shell plc (NYSE:SHEL) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,489 shares of the energy company’s stock, valued at approximately $407,000.

A number of other large investors have also recently modified their holdings of SHEL. Valley National Advisers Inc. boosted its position in shares of Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after acquiring an additional 400 shares during the last quarter. Human Investing LLC bought a new stake in shares of Shell during the 4th quarter valued at about $31,000. Valley Wealth Managers Inc. bought a new stake in shares of Shell during the 3rd quarter valued at about $33,000. Brooklyn Investment Group bought a new stake in shares of Shell during the 3rd quarter valued at about $35,000. Finally, Sierra Ocean LLC bought a new stake in Shell in the 4th quarter worth approximately $39,000. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shares of Shell stock opened at $66.80 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. Shell plc has a one year low of $60.15 and a one year high of $74.61. The stock has a market capitalization of $203.16 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. The business’s 50 day simple moving average is $65.98 and its two-hundred day simple moving average is $66.45.

Shell (NYSE:SHEL) last posted 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%. Analysts forecast that Shell plc will post 7.67 EPS for the current 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. The ex-dividend date is Friday, February 14th. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.29%. Shell’s payout ratio is 56.97%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Wells Fargo & Company dropped their target price on Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Wolfe Research upgraded 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. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Piper Sandler dropped their target price on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Finally, Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $79.11.

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.