SG Americas Securities LLC Grows Stock Position in Shell plc (NYSE:SHEL)

SG Americas Securities LLC boosted its position in Shell plc (NYSE:SHELGet Rating) by 596.7% in the third quarter, reports. The institutional investor owned 13,509 shares of the energy company’s stock after purchasing an additional 11,570 shares during the period. SG Americas Securities LLC’s holdings in Shell were worth $672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in shares of Shell in the first quarter valued at $443,000. Yousif Capital Management LLC purchased a new position in shares of Shell in the first quarter valued at $3,322,000. Synovus Financial Corp purchased a new position in shares of Shell in the first quarter valued at $1,018,000. Vontobel Holding Ltd. purchased a new position in shares of Shell in the first quarter valued at $791,000. Finally, Blair William & Co. IL purchased a new position in Shell during the first quarter worth about $2,090,000. 7.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. The Goldman Sachs Group cut Shell from a “buy” rating to a “neutral” rating in a research report on Sunday, November 6th. Deutsche Bank Aktiengesellschaft boosted their target price on Shell from GBX 2,761 ($33.69) to GBX 2,987 ($36.45) in a research report on Tuesday, December 6th. Morgan Stanley boosted their target price on Shell from GBX 2,860 ($34.90) to GBX 2,922 ($35.66) in a research report on Tuesday, November 8th. Wolfe Research cut Shell from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 12th. Finally, JPMorgan Chase & Co. lifted their price target on Shell from GBX 2,900 ($35.39) to GBX 2,950 ($36.00) in a research note on Friday, December 2nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $2,161.63.

Shell Trading Down 0.4 %

NYSE SHEL opened at $58.90 on Friday. Shell plc has a 1-year low of $44.90 and a 1-year high of $61.67. The company has a current ratio of 1.38, a quick ratio of 1.08 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average of $57.09 and a 200-day moving average of $53.91. The firm has a market cap of $211.88 billion, a PE ratio of 5.14, a price-to-earnings-growth ratio of 0.70 and a beta of 0.68.

Shell (NYSE:SHELGet Rating) last released its earnings results on Thursday, October 27th. The energy company reported $2.58 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.10). Shell had a net margin of 11.56% and a return on equity of 19.72%. The company had revenue of $98.76 billion during the quarter. As a group, sell-side analysts forecast that Shell plc will post 10.24 EPS for the current year.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 19th. Shareholders of record on Friday, November 11th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Wednesday, November 9th. Shell’s payout ratio is 17.45%.

Shell Company 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.

See Also

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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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