Oxbow Advisors LLC trimmed its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 71.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,490 shares of the energy company's stock after selling 8,550 shares during the quarter. Oxbow Advisors LLC's holdings in Shell were worth $230,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in Shell by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company's stock valued at $1,640,082,000 after buying an additional 96,549 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position 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 worth $450,180,000 after purchasing an additional 772,736 shares during the last quarter. Westwood Global Investments LLC raised its holdings in shares of Shell by 4.1% during the second quarter. Westwood Global Investments LLC now owns 2,546,523 shares of the energy company's stock valued at $183,808,000 after buying an additional 100,379 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Shell by 6.4% during the second quarter. Envestnet Asset Management Inc. now owns 2,248,366 shares of the energy company's stock worth $162,287,000 after buying an additional 136,139 shares during the period. Finally, Empyrean Capital Partners LP acquired a new stake in Shell in the 2nd quarter valued at approximately $151,578,000. Institutional investors own 28.60% of the company's stock.
Shell Price Performance
Shares of NYSE SHEL traded down $1.55 during mid-day trading on Friday, reaching $67.06. The company had a trading volume of 4,155,931 shares, compared to its average volume of 4,537,216. 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 $208.70 billion, a PE ratio of 13.80, a P/E/G ratio of 2.02 and a beta of 0.56. 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 company has a 50-day moving average price of $67.64 and a two-hundred day moving average price of $70.38.
Shell Announces Dividend
The company also recently disclosed 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. This represents a $2.75 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Friday, November 15th. Shell's dividend payout ratio is presently 56.58%.
Analysts Set New Price Targets
A number of research analysts have issued reports on the company. Scotiabank reduced their price target on Shell from $90.00 to $80.00 and set a "sector outperform" rating for the company in a research report on Thursday, October 10th. Wells Fargo & Company raised their target price on shares of Shell from $84.00 to $88.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Barclays upgraded shares of Shell to a "strong-buy" rating in a report on Wednesday, October 2nd. Wolfe Research started coverage on Shell in a report on Thursday, July 18th. They set a "peer perform" rating on the stock. Finally, Royal Bank of Canada raised Shell to a "moderate buy" rating in a research note on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Shell has an average rating of "Buy" and an average price target of $82.00.
Check Out Our Latest Stock Analysis on SHEL
About Shell
(
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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