US Bancorp DE trimmed its position in Shell plc (NYSE:SHEL - Free Report) by 8.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 377,939 shares of the energy company's stock after selling 33,434 shares during the quarter. US Bancorp DE's holdings in Shell were worth $24,925,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Empyrean Capital Partners LP acquired a new stake in shares of Shell during the second quarter worth $151,578,000. Mondrian Investment Partners LTD raised its position in shares of Shell by 83.2% in the 1st quarter. Mondrian Investment Partners LTD now owns 2,187,872 shares of the energy company's stock valued at $146,675,000 after acquiring an additional 993,342 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Shell by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company's stock worth $450,180,000 after acquiring an additional 772,736 shares during the last quarter. Raymond James & Associates increased its stake in Shell by 65.7% in the second quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company's stock valued at $122,579,000 after purchasing an additional 673,624 shares in the last quarter. Finally, Senator Investment Group LP acquired a new stake in Shell in the first quarter worth $42,775,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.
Shell Stock Down 0.1 %
Shares of NYSE:SHEL traded down $0.06 during midday trading on Friday, reaching $67.49. The company had a trading volume of 8,591,310 shares, compared to its average volume of 4,063,998. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61. The stock has a market cap of $210.04 billion, a PE ratio of 13.89, a P/E/G ratio of 1.86 and a beta of 0.56. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35. The business's 50 day moving average price is $68.08 and its 200 day moving average price is $70.52.
Shell (NYSE:SHEL - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.82 by $0.15. Shell had a return on equity of 14.57% and a net margin of 5.17%. The company had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. During the same quarter in the prior year, the firm posted $1.50 EPS. Research analysts forecast that Shell plc will post 8.45 EPS for the current fiscal year.
Shell Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be issued 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 4.08%. Shell's payout ratio is 56.58%.
Wall Street Analyst Weigh In
Several brokerages recently commented on SHEL. Barclays raised Shell to a "strong-buy" rating in a research note on Wednesday, October 2nd. Citigroup upgraded Shell to a "hold" rating in a research report on Wednesday, October 2nd. Royal Bank of Canada raised shares of Shell to a "moderate buy" rating in a research note on Tuesday, July 30th. Sanford C. Bernstein raised shares of Shell to a "strong-buy" rating in a research report on Friday, October 11th. Finally, Scotiabank reduced their target price on shares of Shell from $90.00 to $80.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. Three equities 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $82.00.
Check Out Our Latest Stock Analysis 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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