EverSource Wealth Advisors LLC Buys Shares of 577 Shell plc (NYSE:SHEL)

EverSource Wealth Advisors LLC bought a new stake in Shell plc (NYSE:SHELGet Rating) during the first quarter, HoldingsChannel.com reports. The fund bought 577 shares of the energy company’s stock, valued at approximately $31,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHEL. Fisher Asset Management LLC purchased a new position in Shell in the 1st quarter valued at about $1,076,420,000. Dimensional Fund Advisors LP purchased a new position in shares of Shell during the 1st quarter worth about $1,006,050,000. Wellington Management Group LLP purchased a new position in shares of Shell during the 1st quarter worth about $677,739,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Shell during the 1st quarter worth about $549,346,000. Finally, Pendal Group Ltd purchased a new position in shares of Shell during the 1st quarter worth about $228,638,000. 7.65% of the stock is currently owned by hedge funds and other institutional investors.

Shell Stock Down 1.1 %

Shares of NYSE:SHEL opened at $52.54 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.39 and a debt-to-equity ratio of 0.40. Shell plc has a 52-week low of $44.90 and a 52-week high of $61.67. The company has a 50 day moving average of $52.05 and a two-hundred day moving average of $53.90. The company has a market capitalization of $200.97 billion, a price-to-earnings ratio of 5.53, a price-to-earnings-growth ratio of 0.50 and a beta of 0.66.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 19th. Shareholders of record on Friday, August 12th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.81%. The ex-dividend date is Thursday, August 11th. Shell’s dividend payout ratio (DPR) is 21.05%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Shell from GBX 2,850 ($34.44) to GBX 3,000 ($36.25) in a report on Friday, July 15th. ING Group raised shares of Shell from a “hold” rating to a “buy” rating in a research report on Tuesday, July 12th. HSBC dropped their target price on shares of Shell from GBX 2,700 ($32.62) to GBX 2,550 ($30.81) in a research report on Wednesday, July 20th. Royal Bank of Canada increased their target price on shares of Shell from GBX 3,100 ($37.46) to GBX 3,200 ($38.67) in a research report on Friday, July 29th. Finally, Credit Suisse Group began coverage on shares of Shell in a research report on Thursday, June 9th. They set an “outperform” rating for the company. Six analysts have rated the stock with a buy rating, According to MarketBeat, Shell currently has a consensus rating of “Buy” and a consensus price target of $2,134.13.

About Shell

(Get Rating)

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 necessary to deliver gas to market.

See Also

Want to see what other hedge funds are holding SHEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shell plc (NYSE:SHELGet Rating).

Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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