Nwam LLC Takes $636,000 Position in Shell plc (NYSE:SHEL)

Nwam LLC bought a new position in Shell plc (NYSE:SHEL) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 9,645 shares of the energy company’s stock, valued at approximately $636,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empyrean Capital Partners LP purchased a new stake in Shell in the 2nd quarter worth approximately $151,578,000. Jennison Associates LLC grew its position in Shell by 188.0% during the third quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock worth $198,786,000 after buying an additional 1,967,672 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Shell by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock worth $450,180,000 after acquiring an additional 772,736 shares during the last quarter. Raymond James & Associates boosted its position in shares of Shell by 65.7% during the 2nd quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock valued at $122,579,000 after acquiring an additional 673,624 shares during the last quarter. Finally, Mediolanum International Funds Ltd bought a new position in shares of Shell in the third quarter worth approximately $37,274,000. 28.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays upgraded shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research note on Friday, October 11th. Wells Fargo & Company upped their price objective on Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Royal Bank of Canada raised Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Finally, Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $82.00.

Shell Price Performance

Shares of Shell stock opened at $66.03 on Friday. The stock has a market capitalization of $204.39 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 1.99 and a beta of 0.56. Shell plc has a one year low of $60.34 and a one year high of $74.61. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The business’s 50 day simple moving average is $67.25 and its two-hundred day simple moving average is $69.94.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be given a dividend of $0.688 per share. The ex-dividend date is Friday, November 15th. This represents a $2.75 annualized dividend and a yield of 4.17%. Shell’s payout ratio is currently 56.58%.

About Shell

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.