Shell plc (NYSE:SHEL) Shares Bought by Holocene Advisors LP

Holocene Advisors LP lifted its holdings in Shell plc (NYSE:SHEL) by 29.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,773,617 shares of the energy company’s stock after buying an additional 866,954 shares during the period. Shell makes up 1.0% of Holocene Advisors LP’s holdings, making the stock its 20th biggest position. Holocene Advisors LP’s holdings in Shell were worth $248,870,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SHEL. Hobbs Group Advisors LLC purchased a new position in Shell in the 2nd quarter worth approximately $26,000. Triad Wealth Partners LLC acquired a new stake in shares of Shell in the second quarter valued at approximately $31,000. Fairscale Capital LLC purchased a new position in Shell during the second quarter worth approximately $33,000. Fortitude Family Office LLC purchased a new stake in Shell in the 3rd quarter valued at $30,000. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of Shell in the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Scotiabank dropped their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Wells Fargo & Company increased their price target on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Barclays raised shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research report on Friday, October 11th. Finally, Citigroup upgraded Shell to a “hold” rating in a research report on Wednesday, October 2nd. Three 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $82.00.

Shell Stock Down 0.1 %

Shares of NYSE SHEL opened at $64.67 on Monday. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. The business’s 50 day moving average is $66.89 and its two-hundred day moving average is $69.58. The firm has a market cap of $200.18 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 1.94 and a beta of 0.56. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be issued a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio (DPR) is 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.