Brown Brothers Harriman & Co. Grows Position in Shell plc (NYSE:SHEL)

Brown Brothers Harriman & Co. grew its holdings in Shell plc (NYSE:SHEL) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 85,626 shares of the energy company’s stock after purchasing an additional 1,333 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Shell were worth $5,647,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Hobbs Group Advisors LLC purchased a new position in Shell in the second quarter valued at about $26,000. Fortitude Family Office LLC purchased a new position in shares of Shell in the 3rd quarter worth approximately $30,000. Triad Wealth Partners LLC purchased a new stake in Shell during the second quarter valued at approximately $31,000. Fairscale Capital LLC purchased a new position in Shell in the second quarter worth $33,000. Finally, Valley Wealth Managers Inc. purchased a new position in Shell during the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Trading Down 1.5 %

Shell stock opened at $65.06 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm has a market cap of $201.39 billion, a PE ratio of 13.39, a P/E/G ratio of 1.98 and a beta of 0.56. The stock’s 50 day simple moving average is $67.25 and its two-hundred day simple moving average is $69.90. Shell plc has a 12 month low of $60.34 and a 12 month high of $74.61.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be issued a $0.688 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.23%. Shell’s payout ratio is 56.58%.

Analysts Set New Price Targets

SHEL has been the subject of several research reports. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Citigroup upgraded Shell to a “hold” rating in a research note on Wednesday, October 2nd. Scotiabank reduced their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company raised their price target on shares of Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Three research 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 data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $82.00.

Shell 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.