Fmr LLC Boosts Stock Holdings in Shell plc (NYSE:SHEL)

FMR LLC increased its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,298,943 shares of the energy company's stock after acquiring an additional 3,255,347 shares during the period. FMR LLC owned about 2.10% of Shell worth $4,306,465,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

SHEL has been the topic of several analyst reports. Royal Bank of Canada raised Shell to a "moderate buy" rating in a research note on Tuesday, July 30th. Sanford C. Bernstein raised Shell to a "strong-buy" rating in a research report on Friday, October 11th. Barclays raised shares of Shell to a "strong-buy" rating in a research note on Wednesday, October 2nd. Wells Fargo & Company raised their price target on shares of Shell from $84.00 to $88.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Finally, Berenberg Bank upgraded shares of Shell to a "strong-buy" rating in a research 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 given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $82.00.

Shell Stock Performance

Shell stock traded down $0.34 during midday trading on Tuesday, hitting $64.71. The company's stock had a trading volume of 3,189,749 shares, compared to its average volume of 4,212,489. The company has a 50-day moving average price of $67.19 and a two-hundred day moving average price of $69.84. The company has a market cap of $200.31 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.98 and a beta of 0.56. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be given a $0.688 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.25%. 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.