Mediolanum International Funds Ltd Makes New $37.27 Million Investment in Shell plc (NYSE:SHEL)

Mediolanum International Funds Ltd bought a new stake in Shell plc (NYSE:SHEL - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 565,189 shares of the energy company's stock, valued at approximately $37,274,000.

A number of other large investors have also recently made changes to their positions in the company. Hobbs Group Advisors LLC purchased a new position in Shell during the 2nd quarter worth $26,000. Triad Wealth Partners LLC acquired a new stake in Shell in the second quarter valued at about $31,000. Fairscale Capital LLC acquired a new position in Shell during the 2nd quarter worth approximately $33,000. LRI Investments LLC raised its stake in shares of Shell by 3,856.3% during the 2nd quarter. LRI Investments LLC now owns 633 shares of the energy company's stock worth $46,000 after buying an additional 617 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Shell in the 2nd quarter valued at approximately $49,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SHEL has been the subject of several research analyst reports. Berenberg Bank upgraded Shell to a "strong-buy" rating in a research report on Monday, August 5th. Wolfe Research began coverage on shares of Shell in a research note on Thursday, July 18th. They issued a "peer perform" rating for the company. Scotiabank dropped their target price 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. Wells Fargo & Company boosted their price target on Shell from $84.00 to $88.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Finally, Citigroup raised Shell to a "hold" rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $82.00.

Shell Price Performance

SHEL stock traded up $0.45 on Friday, reaching $66.86. The company had a trading volume of 3,353,475 shares, compared to its average volume of 4,136,364. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. The company's fifty day moving average is $68.62 and its 200 day moving average is $70.73. The company has a market cap of $211.42 billion, a P/E ratio of 12.34, a PEG ratio of 1.85 and a beta of 0.56. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $0.15. Shell had a return on equity of 14.56% and a net margin of 5.97%. The firm had revenue of $75.06 billion during the quarter, compared to analysts' expectations of $88.62 billion. During the same quarter last year, the business posted $1.50 EPS. On average, research analysts forecast that Shell plc will post 8.45 earnings per share for the current year.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, August 16th were given a dividend of $0.688 per share. The ex-dividend date was Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a yield of 4.12%. Shell's dividend payout ratio (DPR) is currently 50.74%.

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.