Crossmark Global Holdings Inc. raised its stake in Shell plc (NYSE:SHEL - Free Report) by 45.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 245,769 shares of the energy company's stock after buying an additional 76,333 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Shell were worth $16,209,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Empyrean Capital Partners LP bought a new position in Shell during the second quarter valued at approximately $151,578,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Shell by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company's stock valued at $450,180,000 after purchasing an additional 772,736 shares during the last quarter. Raymond James & Associates increased its position in Shell by 65.7% during the second quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company's stock worth $122,579,000 after buying an additional 673,624 shares during the last quarter. Senator Investment Group LP bought a new position in Shell during the first quarter valued at about $42,775,000. Finally, Mediolanum International Funds Ltd acquired a new stake in shares of Shell in the third quarter worth about $37,274,000. Institutional investors and hedge funds own 28.60% of the company's stock.
Shell Stock Performance
Shares of SHEL traded down $1.55 on Friday, reaching $67.06. 4,155,931 shares of the stock traded hands, compared to its average volume of 4,537,216. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The stock's 50-day moving average price is $67.64 and its 200-day moving average price is $70.37. Shell plc has a 12 month low of $60.34 and a 12 month high of $74.61. The firm has a market cap of $208.70 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 2.02 and a beta of 0.56.
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 dividend yield of 4.10%. Shell's dividend payout ratio (DPR) is presently 56.58%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on SHEL shares. Wolfe Research assumed coverage on Shell in a report on Thursday, July 18th. They issued a "peer perform" rating for the company. Royal Bank of Canada upgraded shares of Shell to a "moderate buy" rating in a research note on Tuesday, July 30th. Scotiabank decreased their price target on shares of Shell from $90.00 to $80.00 and set a "sector outperform" rating for the company in a report on Thursday, October 10th. Sanford C. Bernstein raised Shell to a "strong-buy" rating in a research report on Friday, October 11th. Finally, Berenberg Bank raised Shell to a "strong-buy" rating in a report on Monday, August 5th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $82.00.
Read Our Latest Report on SHEL
Shell Company Profile
(
Free Report)
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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