Wilmington Savings Fund Society FSB Makes New Investment in Shell plc (NYSE:SHEL)

Wilmington Savings Fund Society FSB acquired a new stake in Shell plc (NYSE:SHEL - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 38,690 shares of the energy company's stock, valued at approximately $2,552,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. NorthCrest Asset Manangement LLC lifted its stake in shares of Shell by 6.4% in the third quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company's stock worth $247,000 after acquiring an additional 225 shares in the last quarter. Creative Planning boosted its stake in shares of Shell by 11.3% during the 2nd 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 during the last quarter. Raymond James & Associates grew its position in shares of 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 buying an additional 673,624 shares in the last quarter. Foresight Global Investors Inc. acquired a new stake in Shell in the second quarter valued at $1,472,000. Finally, Rockefeller Capital Management L.P. boosted its stake in Shell by 1.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company's stock valued at $206,116,000 after acquiring an additional 46,293 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

Wall Street Analysts Forecast Growth

SHEL has been the topic of a number of recent analyst reports. Citigroup upgraded shares of Shell to a "hold" rating in a research note on Wednesday, October 2nd. Barclays upgraded Shell to a "strong-buy" rating in a research report on Wednesday, October 2nd. Wells Fargo & Company reduced their price objective on Shell from $88.00 to $87.00 and set an "overweight" rating on the stock in a research note on Monday, December 9th. Scotiabank dropped their target price on shares of Shell from $90.00 to $80.00 and set a "sector outperform" rating on the stock in a report on Thursday, October 10th. Finally, Sanford C. Bernstein raised shares of Shell to a "strong-buy" rating in a report on Friday, October 11th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Shell presently has a consensus rating of "Buy" and an average target price of $81.75.

Shell Stock Performance

Shares of NYSE:SHEL traded down $0.46 during trading hours on Friday, hitting $63.54. The stock had a trading volume of 4,470,658 shares, compared to its average volume of 4,204,738. The stock's fifty day simple moving average is $66.23 and its 200 day simple moving average is $69.13. The firm has a market capitalization of $196.68 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 4.92 and a beta of 0.55. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be given a dividend of $0.688 per share. The ex-dividend date is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.33%. 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.