GFS Advisors LLC Increases Holdings in Shell plc (NYSE:SHEL)

GFS Advisors LLC raised its stake in Shell plc (NYSE:SHEL - Free Report) by 5,470.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 32,085 shares of the energy company's stock after purchasing an additional 31,509 shares during the period. GFS Advisors LLC's holdings in Shell were worth $2,116,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SHEL. Empyrean Capital Partners LP bought a new position in Shell in the 2nd quarter worth about $151,578,000. Mondrian Investment Partners LTD lifted 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 in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Shell by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company's stock valued at $450,180,000 after buying an additional 772,736 shares during the period. Raymond James & Associates increased its stake in Shell by 65.7% in the 2nd quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company's stock valued at $122,579,000 after buying an additional 673,624 shares during the period. Finally, Senator Investment Group LP acquired a new position in shares of Shell during the 1st quarter worth $42,775,000. Institutional investors own 28.60% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Royal Bank of Canada upgraded shares of Shell to a "moderate buy" rating in a research report on Tuesday, July 30th. Berenberg Bank raised shares of Shell to a "strong-buy" rating in a research note on Monday, August 5th. Wolfe Research began coverage on shares of Shell in a report on Thursday, July 18th. They set a "peer perform" rating for the company. Sanford C. Bernstein upgraded shares of Shell to a "strong-buy" rating in a 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 report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Shell currently has an average rating of "Buy" and an average target price of $82.00.

Shell Trading Down 0.1 %

Shares of Shell stock traded down $0.06 during midday trading on Friday, reaching $67.49. 8,591,310 shares of the company's stock traded hands, compared to its average volume of 4,063,998. The stock has a 50 day moving average of $68.08 and a 200-day moving average of $70.52. 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 has a market cap of $210.04 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 1.86 and a beta of 0.56. Shell plc has a 12 month low of $60.34 and a 12 month 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 the consensus estimate of $1.82 by $0.15. The firm had revenue of $75.06 billion for the quarter, compared to the consensus estimate of $88.62 billion. Shell had a return on equity of 14.57% and a net margin of 5.17%. During the same quarter last year, the company earned $1.50 earnings per share. As a group, equities analysts expect that Shell plc will post 8.45 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be paid a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend is Friday, November 15th. Shell's dividend payout ratio (DPR) is currently 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.