Sanibel Captiva Trust Company Inc. increased its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 74.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,518 shares of the energy company's stock after buying an additional 17,267 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in Shell were worth $2,538,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. Coronation Fund Managers Ltd. boosted its stake in Shell by 7.6% in the second quarter. Coronation Fund Managers Ltd. now owns 15,201 shares of the energy company's stock valued at $1,097,000 after acquiring an additional 1,068 shares during the last quarter. Blair William & Co. IL grew its position in shares of Shell by 0.6% during the 2nd quarter. Blair William & Co. IL now owns 67,671 shares of the energy company's stock worth $4,884,000 after buying an additional 395 shares during the period. Hsbc Holdings PLC boosted its stake in Shell by 46.0% during the 2nd quarter. Hsbc Holdings PLC now owns 42,220 shares of the energy company's stock worth $3,048,000 after acquiring an additional 13,299 shares during the last quarter. Brighton Jones LLC grew its holdings in Shell by 3.2% during the second quarter. Brighton Jones LLC now owns 7,033 shares of the energy company's stock valued at $508,000 after purchasing an additional 215 shares during the period. Finally, Ieq Capital LLC raised its position in shares of Shell by 65.4% during the second quarter. Ieq Capital LLC now owns 33,343 shares of the energy company's stock worth $2,407,000 after purchasing an additional 13,185 shares during the period. Institutional investors and hedge funds own 28.60% of the company's stock.
Shell Stock Performance
Shares of NYSE:SHEL traded up $0.29 on Friday, hitting $66.74. The company had a trading volume of 3,486,045 shares, compared to its average volume of 3,512,029. Shell plc has a 1-year low of $60.15 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 stock has a market cap of $205.36 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 5.60 and a beta of 0.55. The stock has a 50 day moving average price of $64.19 and a 200 day moving average price of $67.82.
Shell Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were given a dividend of $0.688 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.12%. Shell's payout ratio is presently 56.58%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. Barclays upgraded shares of Shell to a "strong-buy" rating in a report on Wednesday, October 2nd. Wolfe Research upgraded shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a research note on Friday, January 3rd. UBS Group upgraded shares of Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. Scotiabank dropped their target price on Shell from $90.00 to $80.00 and set a "sector outperform" rating on the stock in a report on Thursday, October 10th. Finally, Morgan Stanley upgraded Shell from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Shell presently has a consensus rating of "Buy" and an average target price of $79.69.
Check Out Our Latest Report 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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