Oppenheimer Asset Management Inc. lowered its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 9.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 201,902 shares of the energy company's stock after selling 21,151 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Shell were worth $13,315,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of SHEL. Allspring Global Investments Holdings LLC grew its stake in Shell by 1,293.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,898 shares of the energy company's stock worth $462,000 after purchasing an additional 6,403 shares in the last quarter. Sei Investments Co. increased its position in Shell by 4.9% during the 1st quarter. Sei Investments Co. now owns 298,732 shares of the energy company's stock valued at $20,027,000 after purchasing an additional 13,979 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Shell by 7.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,658 shares of the energy company's stock valued at $446,000 after purchasing an additional 478 shares in the last quarter. Blair William & Co. IL raised its stake in Shell by 2.7% in the first quarter. Blair William & Co. IL now owns 67,276 shares of the energy company's stock worth $4,510,000 after buying an additional 1,759 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its holdings in shares of Shell by 5.3% in the 1st quarter. Orion Portfolio Solutions LLC now owns 58,908 shares of the energy company's stock valued at $3,949,000 after acquiring an additional 2,977 shares during the period. Hedge funds and other institutional investors own 28.60% of the company's stock.
Wall Street Analyst Weigh In
SHEL has been the subject of a number of recent research reports. 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. Berenberg Bank raised shares of Shell to a "strong-buy" rating in a research report on Monday, August 5th. Wells Fargo & Company upped their price target on Shell from $84.00 to $88.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Sanford C. Bernstein upgraded Shell to a "strong-buy" rating in a research note on Friday, October 11th. Finally, Wolfe Research initiated coverage on Shell in a research note on Thursday, July 18th. They issued a "peer perform" rating for the company. Three research 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. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $82.00.
Check Out Our Latest Stock Report on Shell
Shell Trading Up 0.5 %
SHEL stock traded up $0.31 during trading on Thursday, reaching $65.79. 5,340,841 shares of the stock were exchanged, compared to its average volume of 4,241,510. The business has a 50 day moving average price of $67.41 and a 200-day moving average price of $70.23. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $204.75 billion, a price-to-earnings ratio of 13.54, a P/E/G ratio of 1.98 and a beta of 0.56.
Shell Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.688 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 annualized dividend and a yield of 4.18%. Shell's dividend payout ratio (DPR) is 56.58%.
Shell 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.
See Also
Before you consider Shell, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shell wasn't on the list.
While Shell currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
