Pacer Advisors Inc. increased its position in Shell plc (NYSE:SHEL - Free Report) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,008,002 shares of the energy company's stock after acquiring an additional 32,603 shares during the quarter. Pacer Advisors Inc.'s holdings in Shell were worth $63,151,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of SHEL. Fortitude Family Office LLC bought a new position in shares of Shell during the 3rd quarter worth about $30,000. Valley Wealth Managers Inc. acquired a new position in Shell in the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new stake in shares of Shell during the 3rd quarter worth approximately $35,000. GHP Investment Advisors Inc. raised its stake in shares of Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company's stock valued at $37,000 after purchasing an additional 163 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its stake in Shell by 567.0% during the third quarter. Rakuten Securities Inc. now owns 627 shares of the energy company's stock worth $41,000 after buying an additional 533 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.
Analyst Ratings Changes
Several analysts have recently weighed in on SHEL shares. Wolfe Research upgraded shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a research report on Friday, January 3rd. Sanford C. Bernstein raised Shell to a "strong-buy" rating in a research note on Friday, October 11th. Scotiabank dropped their price objective on Shell from $90.00 to $80.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company lowered their target price on shares of Shell from $87.00 to $86.00 and set an "overweight" rating on the stock in a report on Friday, January 10th. Finally, Citigroup upgraded shares of Shell to a "hold" rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Shell presently has a consensus rating of "Buy" and an average target price of $79.69.
View Our Latest Stock Report on SHEL
Shell Trading Down 0.8 %
Shares of Shell stock traded down $0.53 during trading on Tuesday, reaching $64.61. 3,774,580 shares of the company were exchanged, compared to its average volume of 4,283,475. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. The business has a 50-day moving average price of $64.19 and a 200-day moving average price of $67.44. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $197.53 billion, a price-to-earnings ratio of 13.29, a P/E/G ratio of 5.89 and a beta of 0.55.
Shell (NYSE:SHEL - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.20. The firm had revenue of $72.46 billion during the quarter, compared to analysts' expectations of $84.58 billion. Shell had a net margin of 5.17% and a return on equity of 14.54%. During the same quarter in the previous year, the company earned $1.86 earnings per share. Sell-side analysts anticipate that Shell plc will post 8.16 EPS for the current fiscal year.
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 paid a $0.688 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.26%. Shell's payout ratio is 56.58%.
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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