Encompass More Asset Management Grows Stock Holdings in Shell plc (NYSE:SHEL)

Encompass More Asset Management boosted its stake in Shell plc (NYSE:SHEL) by 81.4% during the 3rd quarter, Holdings Channel reports. The firm owned 7,294 shares of the energy company’s stock after buying an additional 3,273 shares during the quarter. Encompass More Asset Management’s holdings in Shell were worth $481,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. First Horizon Advisors Inc. lifted its stake in Shell by 1.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock worth $801,000 after purchasing an additional 142 shares in the last quarter. Lester Murray Antman dba SimplyRich lifted its stake in Shell by 0.6% in the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 26,901 shares of the energy company’s stock worth $1,941,000 after purchasing an additional 158 shares in the last quarter. Procyon Advisors LLC lifted its stake in Shell by 3.2% in the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock worth $335,000 after purchasing an additional 159 shares in the last quarter. Sax Wealth Advisors LLC lifted its stake in Shell by 4.1% in the 2nd quarter. Sax Wealth Advisors LLC now owns 4,086 shares of the energy company’s stock worth $295,000 after purchasing an additional 162 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its position in shares of Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after buying an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shares of SHEL stock opened at $64.73 on Friday. 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 market capitalization of $200.37 billion, a P/E ratio of 13.32, a P/E/G ratio of 1.95 and a beta of 0.56. The company’s 50-day simple moving average is $66.89 and its two-hundred day simple moving average is $69.64. Shell plc has a one year low of $60.34 and a one year high of $74.61.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be paid a $0.688 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.25%. Shell’s dividend payout ratio is currently 56.58%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SHEL shares. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Wells Fargo & Company upped their target price on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Scotiabank cut their price target 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. Barclays upgraded shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Shell currently has a consensus rating of “Buy” and an average price target of $82.00.

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.