Saxon Interests Inc. Buys Shares of 6,365 Shell plc (NYSE:SHEL)

Saxon Interests Inc. bought a new stake in shares of Shell plc (NYSE:SHEL) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 6,365 shares of the energy company’s stock, valued at approximately $419,000.

Several other institutional investors have also modified their holdings of SHEL. Provence Wealth Management Group bought a new position in Shell during the 3rd quarter valued at $26,000. VisionPoint Advisory Group LLC bought a new position in shares of Shell during the 3rd quarter valued at $26,000. Rise Advisors LLC raised its holdings in shares of Shell by 84.4% during the 4th quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after purchasing an additional 189 shares in the last quarter. Headlands Technologies LLC bought a new position in Shell in the 3rd quarter worth $32,000. Finally, Fortis Group Advisors LLC acquired a new stake in Shell in the 3rd quarter worth $32,000. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

SHEL stock traded up $0.28 during trading on Thursday, hitting $67.04. 2,863,829 shares of the stock traded hands, compared to its average volume of 4,657,795. Shell plc has a one year low of $55.78 and a one year high of $68.74. The stock has a market cap of $218.69 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 2.02 and a beta of 0.61. The company has a 50 day simple moving average of $64.10 and a 200 day simple moving average of $64.84. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. Shell had a net margin of 5.99% and a return on equity of 14.69%. The company had revenue of $80.13 billion during the quarter, compared to the consensus estimate of $89.59 billion. During the same period in the previous year, the firm posted $2.76 earnings per share. Equities analysts expect that Shell plc will post 8.25 EPS for the current fiscal year.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, February 16th were paid a dividend of $0.662 per share. This represents a $2.65 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date was Thursday, February 15th. Shell’s dividend payout ratio (DPR) is 48.59%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. TheStreet upgraded shares of Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th. BNP Paribas downgraded shares of Shell from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 13th.

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 necessary to deliver gas to market.