Radnor Capital Management LLC Buys New Shares in Shell plc (NYSE:SHEL)

Radnor Capital Management LLC acquired a new position in shares of Shell plc (NYSE:SHEL - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,095 shares of the energy company's stock, valued at approximately $930,000.

Other institutional investors have also recently modified their holdings of the company. NorthCrest Asset Manangement LLC lifted its stake in Shell by 6.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company's stock worth $247,000 after purchasing an additional 225 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Shell by 21.0% during the 1st quarter. Lazard Asset Management LLC now owns 44,896 shares of the energy company's stock worth $3,009,000 after buying an additional 7,779 shares during the last quarter. Creative Planning boosted its stake in Shell by 11.3% in the second quarter. Creative Planning now owns 292,587 shares of the energy company's stock valued at $21,119,000 after buying an additional 29,677 shares in the last quarter. Raymond James & Associates raised its stake in Shell by 65.7% during the second quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company's stock worth $122,579,000 after acquiring an additional 673,624 shares in the last quarter. Finally, Foresight Global Investors Inc. bought a new position in shares of Shell in the second quarter worth about $1,472,000. 28.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Citigroup upgraded shares of Shell to a "hold" rating in a research report on Wednesday, October 2nd. Wolfe Research began coverage on Shell in a report on Thursday, July 18th. They set a "peer perform" rating on the stock. Barclays upgraded Shell to a "strong-buy" rating in a research report on Wednesday, October 2nd. Wells Fargo & Company boosted their price target on Shell from $84.00 to $88.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada upgraded shares of Shell to a "moderate buy" rating in a research report 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 company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $82.00.

Shell Trading Up 0.4 %

Shares of SHEL traded up $0.27 during trading hours on Thursday, hitting $68.62. 5,233,821 shares of the stock were exchanged, compared to its average volume of 4,214,614. The firm has a market capitalization of $213.55 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 2.04 and a beta of 0.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. Shell plc has a fifty-two week low of $60.34 and a fifty-two week high of $74.61. The business has a 50-day moving average of $67.73 and a 200-day moving average of $70.44.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be paid a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Friday, November 15th. Shell's dividend payout ratio is 56.58%.

Shell 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.