Dynamic Technology Lab Private Ltd Makes New Investment in Shell plc (NYSE:SHEL)

Dynamic Technology Lab Private Ltd bought a new stake in Shell plc (NYSE:SHEL) during the third quarter, HoldingsChannel reports. The firm bought 34,944 shares of the energy company’s stock, valued at approximately $2,305,000.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup upgraded Shell to a “hold” rating in a research note on Wednesday, October 2nd. Berenberg Bank raised Shell to a “strong-buy” rating in a report on Monday, August 5th. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. 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 given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $82.00.

Shell Trading Down 0.4 %

Shares of Shell stock opened at $66.03 on Monday. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. The stock has a market cap of $204.39 billion, a PE ratio of 13.59, a PEG ratio of 1.98 and a beta of 0.56. The firm has a 50-day moving average of $67.25 and a 200-day moving average of $69.92. 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 Dividend Announcement

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