Laurel Wealth Advisors LLC lifted its holdings in Shell plc (NYSE:SHEL – Free Report) by 27.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,165 shares of the energy company’s stock after purchasing an additional 461 shares during the period. Laurel Wealth Advisors LLC’s holdings in Shell were worth $136,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of SHEL. NorthCrest Asset Manangement LLC increased its position in Shell by 6.4% in the third quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock worth $247,000 after buying an additional 225 shares during the period. Rockefeller Capital Management L.P. lifted its position in Shell by 1.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock valued at $206,116,000 after purchasing an additional 46,293 shares during the last quarter. Creative Planning grew its position in Shell by 11.3% in the 2nd quarter. Creative Planning now owns 292,587 shares of the energy company’s stock worth $21,119,000 after purchasing an additional 29,677 shares during the last quarter. Mawer Investment Management Ltd. raised its holdings in shares of Shell by 8.7% during the third quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock valued at $348,405,000 after buying an additional 422,329 shares during the last quarter. Finally, Inspire Trust Co. N.A. grew its holdings in Shell by 26.9% in the 3rd quarter. Inspire Trust Co. N.A. now owns 52,439 shares of the energy company’s stock worth $3,458,000 after buying an additional 11,105 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have weighed in on SHEL shares. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Friday, January 3rd. Citigroup raised shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Scotiabank lowered their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company lowered their price objective on shares of Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Shell has a consensus rating of “Buy” and a consensus target price of $79.69.
Shell Trading Up 0.7 %
Shell stock opened at $66.39 on Thursday. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The firm’s 50 day moving average price is $64.24 and its two-hundred day moving average price is $67.91. The firm has a market cap of $204.30 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 4.84 and a beta of 0.55. 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 Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were issued a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a dividend yield of 4.15%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio is 56.58%.
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.
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