DRW Securities LLC Cuts Stock Holdings in Shell plc (NYSE:SHEL)

DRW Securities LLC lessened its stake in Shell plc (NYSE:SHEL) by 8.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,850 shares of the energy company’s stock after selling 3,150 shares during the period. DRW Securities LLC’s holdings in Shell were worth $2,364,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SHEL. Fisher Asset Management LLC boosted its holdings in shares of Shell by 2.1% during the third quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after purchasing an additional 507,311 shares during the period. Dimensional Fund Advisors LP increased its position in Shell by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company’s stock valued at $1,640,082,000 after purchasing an additional 96,549 shares during the period. Mawer Investment Management Ltd. lifted its position in shares of Shell by 8.7% in the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock worth $348,405,000 after purchasing an additional 422,329 shares during the period. Jennison Associates LLC increased its position in shares of Shell by 188.0% during the third quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock valued at $198,786,000 after buying an additional 1,967,672 shares during the period. Finally, Westwood Global Investments LLC increased its position in Shell by 4.1% during the 2nd quarter. Westwood Global Investments LLC now owns 2,546,523 shares of the energy company’s stock valued at $183,808,000 after buying an additional 100,379 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SHEL. Berenberg Bank raised Shell to a “strong-buy” rating in a research report on Monday, August 5th. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Finally, Barclays raised shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Shell currently has a consensus rating of “Buy” and a consensus price target of $82.00.

Shell Stock Down 0.4 %

SHEL opened at $66.03 on Monday. The firm’s 50 day simple moving average is $67.25 and its two-hundred day simple moving average is $69.90. The company has a market capitalization of $204.39 billion, a PE ratio of 13.59, a PEG ratio of 1.98 and a beta of 0.56. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be given a dividend of $0.688 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 annualized dividend and a yield of 4.17%. Shell’s dividend payout ratio (DPR) is presently 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.