Traders Purchase High Volume of Call Options on Shell (NYSE:SHEL)

Shell plc (NYSE:SHEL) was the recipient of some unusual options trading activity on Monday. Traders purchased 18,985 call options on the stock. This represents an increase of approximately 170% compared to the typical daily volume of 7,030 call options.

Analyst Ratings Changes

Separately, TheStreet raised shares of Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th.

Shell Stock Up 0.5 %

Shares of SHEL stock opened at $72.40 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.40. Shell has a fifty-two week low of $55.78 and a fifty-two week high of $73.94. The firm has a market capitalization of $232.95 billion, a PE ratio of 12.79, a P/E/G ratio of 2.22 and a beta of 0.62. The stock’s 50-day simple moving average is $66.68 and its 200-day simple moving average is $65.59.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.28. The company had revenue of $80.13 billion during the quarter, compared to analyst estimates of $89.59 billion. Shell had a net margin of 5.99% and a return on equity of 14.69%. During the same period last year, the firm posted $2.76 EPS. Equities analysts expect that Shell will post 8.12 earnings per share for the current year.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, February 16th were issued a $0.662 dividend. This represents a $2.65 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Thursday, February 15th. Shell’s payout ratio is 48.59%.

Hedge Funds Weigh In On Shell

A number of institutional investors have recently modified their holdings of SHEL. Provence Wealth Management Group acquired a new stake in Shell during the third quarter worth about $26,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Shell during the 3rd quarter worth approximately $26,000. Rise Advisors LLC lifted its stake in shares of Shell by 84.4% in 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 during the period. Valley National Advisers Inc. boosted its holdings in Shell by 217.7% during the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock worth $27,000 after buying an additional 283 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC grew its position in Shell by 611.1% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock valued at $29,000 after buying an additional 385 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

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.