Shell plc (NYSE:SHEL) Holdings Raised by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. increased its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 8.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,282,868 shares of the energy company's stock after acquiring an additional 422,329 shares during the quarter. Shell comprises approximately 1.6% of Mawer Investment Management Ltd.'s portfolio, making the stock its 21st largest holding. Mawer Investment Management Ltd. owned about 0.17% of Shell worth $348,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Shell Stock Up 1.3 %

Shell stock traded up $0.85 during midday trading on Monday, hitting $66.32. 3,328,189 shares of the company were exchanged, compared to its average volume of 4,238,231. 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 company's fifty day moving average price is $67.33 and its 200-day moving average price is $70.13. The company has a market cap of $206.40 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 1.97 and a beta of 0.56. Shell plc has a fifty-two week low of $60.34 and a fifty-two week high of $74.61.

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 dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Friday, November 15th. Shell's dividend payout ratio is currently 56.58%.

Wall Street Analysts Forecast Growth

SHEL has been the subject of several recent analyst reports. Sanford C. Bernstein raised Shell to a "strong-buy" rating in a report on Friday, October 11th. Royal Bank of Canada upgraded shares of Shell to a "moderate buy" rating in a report on Tuesday, July 30th. Barclays raised shares of Shell to a "strong-buy" rating in a report on Wednesday, October 2nd. Berenberg Bank raised Shell to a "strong-buy" rating in a research note on Monday, August 5th. Finally, Citigroup upgraded Shell to a "hold" rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $82.00.

Shell Company 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.