Saxon Interests Inc. Invests $419,000 in Shell plc (NYSE:SHEL)

Saxon Interests Inc. bought a new position in Shell plc (NYSE:SHEL) in the 4th quarter, HoldingsChannel.com reports. The fund bought 6,365 shares of the energy company’s stock, valued at approximately $419,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SHEL. Acadian Asset Management LLC purchased a new stake in Shell in the first quarter worth approximately $443,000. Yousif Capital Management LLC purchased a new stake in shares of Shell during the first quarter valued at approximately $3,322,000. Synovus Financial Corp purchased a new stake in shares of Shell during the first quarter valued at approximately $1,018,000. Vontobel Holding Ltd. purchased a new stake in shares of Shell during the first quarter valued at approximately $791,000. Finally, Blair William & Co. IL bought a new position in shares of Shell during the first quarter valued at approximately $2,090,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

NYSE:SHEL traded up $0.28 during trading hours on Thursday, reaching $67.04. The company had a trading volume of 2,863,829 shares, compared to its average volume of 4,657,795. 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 plc has a 52 week low of $55.78 and a 52 week high of $68.74. The firm has a market cap of $218.69 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 2.02 and a beta of 0.61. The firm’s 50 day moving average price is $64.10 and its 200-day moving average price is $64.84.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, February 1st. The energy company reported $2.22 EPS 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 business had revenue of $80.13 billion during the quarter, compared to the consensus estimate of $89.59 billion. During the same quarter in the previous year, the firm posted $2.76 EPS. On average, analysts forecast that Shell plc will post 8.25 EPS for the current year.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, February 16th were given 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 payout ratio is 48.59%.

Analyst Ratings Changes

A number of equities analysts recently commented on SHEL shares. BNP Paribas downgraded Shell from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 13th. TheStreet upgraded shares of Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th.

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.