Stansberry Asset Management LLC Increases Stock Position in Shell plc (NYSE:SHEL)

Stansberry Asset Management LLC raised its stake in shares of Shell plc (NYSE:SHEL) by 1.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 337,402 shares of the energy company’s stock after acquiring an additional 3,374 shares during the period. Shell makes up approximately 2.8% of Stansberry Asset Management LLC’s holdings, making the stock its 5th biggest position. Stansberry Asset Management LLC’s holdings in Shell were worth $22,252,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SHEL. Hobbs Group Advisors LLC purchased a new stake in Shell during the 2nd quarter valued at approximately $26,000. Triad Wealth Partners LLC bought a new stake in Shell in the second quarter worth $31,000. Fairscale Capital LLC purchased a new stake in shares of Shell during the second quarter valued at $33,000. Fortitude Family Office LLC bought a new stake in shares of Shell in the third quarter valued at about $30,000. Finally, Valley Wealth Managers Inc. bought a new stake in shares of Shell in the third quarter valued at about $33,000. Institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SHEL shares. Scotiabank cut their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Citigroup upgraded Shell to a “hold” rating in a research report on Wednesday, October 2nd. Barclays raised Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Wells Fargo & Company upped their target price on Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Three 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. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $82.00.

Shell Stock Down 1.6 %

Shares of SHEL opened at $64.21 on Thursday. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. The company has a market capitalization of $198.76 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 1.96 and a beta of 0.55. The stock has a fifty day simple moving average of $66.64 and a two-hundred day simple moving average of $69.45. The company has a quick ratio of 1.13, a current ratio of 1.40 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. Shareholders of record on Friday, November 15th will be paid a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Friday, November 15th. 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.