Wilmington Savings Fund Society FSB Takes Position in Shell plc (NYSE:SHEL)

Wilmington Savings Fund Society FSB purchased a new position in Shell plc (NYSE:SHEL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,690 shares of the energy company’s stock, valued at approximately $2,552,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHEL. World Investment Advisors LLC increased its stake in Shell by 37.0% during the 3rd quarter. World Investment Advisors LLC now owns 5,594 shares of the energy company’s stock valued at $369,000 after purchasing an additional 1,512 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Shell by 5.9% during the third quarter. Sanctuary Advisors LLC now owns 151,868 shares of the energy company’s stock valued at $10,028,000 after buying an additional 8,499 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Shell in the 3rd quarter worth about $5,154,000. Coldstream Capital Management Inc. lifted its position in Shell by 11.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 12,183 shares of the energy company’s stock valued at $803,000 after acquiring an additional 1,240 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in Shell by 1.4% during the 3rd quarter. MML Investors Services LLC now owns 126,821 shares of the energy company’s stock worth $8,364,000 after purchasing an additional 1,794 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wells Fargo & Company cut their target price on Shell from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Scotiabank reduced their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Barclays upgraded shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Citigroup upgraded Shell to a “hold” rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $81.75.

Shell Trading Down 0.7 %

Shares of SHEL stock opened at $63.53 on Friday. Shell plc has a 12-month low of $60.34 and a 12-month high of $74.61. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $66.23 and a 200-day moving average of $69.13. The firm has a market cap of $196.65 billion, a P/E ratio of 13.07, a PEG ratio of 4.92 and a beta of 0.55.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio (DPR) is presently 56.58%.

Shell 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.