Shell plc (NYSE:SHEL) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC raised its position in Shell plc (NYSE:SHEL) by 2.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,530,647 shares of the energy company’s stock after purchasing an additional 507,311 shares during the quarter. Fisher Asset Management LLC’s holdings in Shell were worth $1,617,796,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SHEL. Gamco Investors INC. ET AL grew its stake in Shell by 2.7% during the first quarter. Gamco Investors INC. ET AL now owns 9,652 shares of the energy company’s stock worth $647,000 after buying an additional 258 shares during the period. LRI Investments LLC acquired a new stake in shares of Shell in the first quarter valued at about $47,000. Lazard Asset Management LLC lifted its position in Shell by 21.0% during the 1st quarter. Lazard Asset Management LLC now owns 44,896 shares of the energy company’s stock worth $3,009,000 after acquiring an additional 7,779 shares in the last quarter. Bayesian Capital Management LP purchased a new position in Shell in the 1st quarter worth approximately $221,000. Finally, Invenomic Capital Management LP grew its position in Shell by 34.4% in the first quarter. Invenomic Capital Management LP now owns 232,315 shares of the energy company’s stock valued at $15,574,000 after acquiring an additional 59,423 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Citigroup raised shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Barclays upgraded shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $82.00.

Shell Stock Down 0.4 %

Shares of Shell stock opened at $66.03 on Monday. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61. The company has a market capitalization of $204.39 billion, a P/E ratio of 13.59, a PEG ratio of 1.98 and a beta of 0.56. The business’s fifty day moving average price is $67.25 and its two-hundred day moving average price is $69.92. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be issued a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 4.17%. The ex-dividend date is Friday, November 15th. Shell’s payout ratio is currently 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.