Mirae Asset Global Investments Co. Ltd. Purchases New Position in Shell plc (NYSE:SHEL)

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Shell plc (NYSE:SHELGet Rating) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 88,890 shares of the energy company’s stock, valued at approximately $4,883,000.

A number of other institutional investors also recently modified their holdings of the business. Meeder Asset Management Inc. purchased a new stake in Shell in the 1st quarter worth approximately $25,000. Lee Financial Co purchased a new stake in Shell in the 1st quarter worth approximately $25,000. Exchange Traded Concepts LLC bought a new position in shares of Shell in the 1st quarter worth $26,000. Asset Dedication LLC bought a new position in shares of Shell in the 1st quarter worth $27,000. Finally, Creative Financial Designs Inc. ADV bought a new position in shares of Shell in the 1st quarter worth $28,000. 7.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Shell Trading Up 0.0 %

Shares of SHEL opened at $52.34 on Friday. The stock has a market capitalization of $200.20 billion, a P/E ratio of 5.51, a PEG ratio of 0.51 and a beta of 0.66. The company has a quick ratio of 1.09, a current ratio of 1.39 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $52.45 and a two-hundred day simple moving average of $53.91. Shell plc has a twelve month low of $44.90 and a twelve month high of $61.67.

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 19th. Stockholders of record on Friday, August 12th were given a $0.50 dividend. The ex-dividend date was Thursday, August 11th. This represents a $2.00 annualized dividend and a dividend yield of 3.82%. Shell’s dividend payout ratio is 21.05%.

Shell Profile

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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.

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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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