Integrated Investment Consultants LLC Invests $1.23 Million in Shell plc (NYSE:SHEL)

Integrated Investment Consultants LLC acquired a new stake in shares of Shell plc (NYSE:SHEL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 19,628 shares of the energy company's stock, valued at approximately $1,230,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SHEL. FMR LLC increased its stake in shares of Shell by 5.2% in the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company's stock worth $4,306,465,000 after acquiring an additional 3,255,347 shares in the last quarter. Empyrean Capital Partners LP bought a new position in shares of Shell during the second quarter valued at approximately $151,578,000. Jennison Associates LLC lifted its holdings in shares of Shell by 188.0% during the third quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company's stock valued at $198,786,000 after purchasing an additional 1,967,672 shares during the last quarter. Holocene Advisors LP grew its stake in shares of Shell by 29.8% in the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company's stock worth $248,870,000 after buying an additional 866,954 shares during the last quarter. Finally, Mediolanum International Funds Ltd bought a new position in Shell during the 3rd quarter valued at approximately $37,274,000. Institutional investors own 28.60% of the company's stock.

Shell Price Performance

NYSE:SHEL traded up $0.29 during trading hours on Friday, reaching $66.74. The stock had a trading volume of 3,486,045 shares, compared to its average volume of 3,512,029. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The stock has a market capitalization of $205.36 billion, a PE ratio of 13.73, a PEG ratio of 5.60 and a beta of 0.55. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The company has a 50 day moving average price of $64.19 and a two-hundred day moving average price of $67.82.

Shell Announces Dividend

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 $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Friday, November 15th. Shell's dividend payout ratio (DPR) is 56.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SHEL shares. Scotiabank reduced their price objective on 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 upgraded shares of Shell to a "strong-buy" rating in a research report on Friday, October 11th. Citigroup upgraded shares of Shell to a "hold" rating in a research note on Wednesday, October 2nd. Morgan Stanley upgraded Shell from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Finally, UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $79.69.

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.