Equity Investment Corp Buys 50,290 Shares of Shell plc (NYSE:SHEL)

Equity Investment Corp raised its position in shares of Shell plc (NYSE:SHEL - Free Report) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,012,644 shares of the energy company's stock after purchasing an additional 50,290 shares during the period. Equity Investment Corp's holdings in Shell were worth $66,784,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in Shell by 0.4% in the 2nd 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 in the last quarter. Price T Rowe Associates Inc. MD boosted 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 worth $450,180,000 after purchasing an additional 772,736 shares during the period. Westwood Global Investments LLC increased its position 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 period. Envestnet Asset Management Inc. boosted its position in shares of Shell by 6.4% in the second quarter. Envestnet Asset Management Inc. now owns 2,248,366 shares of the energy company's stock valued at $162,287,000 after acquiring an additional 136,139 shares during the period. Finally, Empyrean Capital Partners LP purchased a new position in Shell during the second quarter valued at approximately $151,578,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein raised shares of Shell to a "strong-buy" rating in a report on Friday, October 11th. Royal Bank of Canada raised Shell to a "moderate buy" rating in a report on Tuesday, July 30th. Barclays raised shares of Shell to a "strong-buy" rating in a research note on Wednesday, October 2nd. Wells Fargo & Company increased their price target on shares of Shell from $84.00 to $88.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Finally, Berenberg Bank raised Shell to a "strong-buy" rating in a research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, Shell presently has an average rating of "Buy" and an average target price of $82.00.

Shell Trading Up 1.3 %

Shell stock traded up $0.86 during trading hours on Monday, reaching $66.33. The company had a trading volume of 3,329,251 shares, compared to its average volume of 4,238,231. The firm has a market cap of $206.41 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 1.97 and a beta of 0.56. Shell plc has a 12-month low of $60.34 and a 12-month high of $74.61. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The company has a 50-day moving average price of $67.33 and a 200 day moving average price of $70.13.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.688 per share. The ex-dividend date is Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.15%. Shell's dividend payout ratio (DPR) is presently 56.58%.

Shell Company 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.