HCR Wealth Advisors acquired a new stake in Shell plc (NYSE:SHEL – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,585 shares of the energy company’s stock, valued at approximately $216,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new stake in shares of Shell in the 1st quarter valued at approximately $443,000. Yousif Capital Management LLC bought a new position in shares of Shell during the first quarter worth $3,322,000. Synovus Financial Corp acquired a new position in shares of Shell in the 1st quarter valued at $1,018,000. Vontobel Holding Ltd. bought a new stake in shares of Shell in the 1st quarter valued at $791,000. Finally, Blair William & Co. IL bought a new position in Shell during the first quarter worth about $2,090,000. Institutional investors own 9.23% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada dropped their price target on Shell from 28.00 to 27.00 and set an “outperform” rating on the stock in a research report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Shell has an average rating of “Hold” and an average target price of $1,806.20.
Shell Trading Down 2.0 %
SHEL opened at $64.60 on Friday. The stock has a market capitalization of $214.67 billion, a P/E ratio of 7.65, a P/E/G ratio of 0.85 and a beta of 0.63. The company has a current ratio of 1.48, a quick ratio of 1.17 and a debt-to-equity ratio of 0.37. Shell plc has a 12 month low of $52.47 and a 12 month high of $68.74. The firm’s fifty day simple moving average is $65.53 and its 200 day simple moving average is $62.27.
Shell Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, November 17th will be issued a $0.662 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 4.10%. Shell’s dividend payout ratio (DPR) is 31.40%.
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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