Two Sigma Advisers LP Has $43.19 Million Stock Position in Shell plc (NYSE:SHEL)

Two Sigma Advisers LP lessened its holdings in Shell plc (NYSE:SHEL) by 7.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 654,900 shares of the energy company’s stock after selling 49,700 shares during the quarter. Two Sigma Advisers LP’s holdings in Shell were worth $43,191,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hobbs Group Advisors LLC bought a new stake in shares of Shell in the second quarter valued at $26,000. Triad Wealth Partners LLC purchased a new position in shares of Shell in the 2nd quarter worth about $31,000. Fairscale Capital LLC purchased a new stake in Shell during the 2nd quarter valued at about $33,000. Fortitude Family Office LLC bought a new stake in shares of Shell in the 3rd quarter worth approximately $30,000. Finally, Valley Wealth Managers Inc. bought a new stake in shares of Shell in the 3rd quarter worth approximately $33,000. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Performance

Shares of SHEL opened at $63.25 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61. The firm’s 50 day moving average price is $66.56 and its two-hundred day moving average price is $69.35. The firm has a market cap of $195.79 billion, a P/E ratio of 13.01, a PEG ratio of 1.93 and a beta of 0.55.

Shell Announces Dividend

The business 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 annualized dividend and a dividend yield of 4.35%. Shell’s dividend payout ratio is currently 56.58%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citigroup upgraded Shell to a “hold” rating in a research report on Wednesday, October 2nd. Scotiabank lowered their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Wells Fargo & Company raised 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. Barclays upgraded Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price 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.