Imprint Wealth LLC acquired a new stake in shares of Shell plc (NYSE:SHEL – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 120,639 shares of the energy company’s stock, valued at approximately $12,064,000.
A number of other large investors have also added to or reduced their stakes in SHEL. Moneta Group Investment Advisors LLC boosted its holdings in shares of Shell by 96,141.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 14,370,746 shares of the energy company’s stock valued at $818,414,000 after purchasing an additional 14,355,814 shares during the last quarter. Wellington Management Group LLP purchased a new stake in Shell during the first quarter valued at approximately $677,739,000. Norges Bank purchased a new position in shares of Shell in the 4th quarter worth approximately $658,071,000. Perpetual Ltd purchased a new stake in Shell during the 1st quarter valued at $288,969,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Shell during the first quarter worth $549,346,000. Institutional investors own 9.23% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada cut their target price on Shell from 28.00 to 27.00 and set an “outperform” rating on the stock in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $1,806.20.
Shell Stock Performance
Shares of NYSE:SHEL traded up $1.29 during trading on Monday, hitting $67.16. 2,277,079 shares of the stock traded hands, compared to its average volume of 4,892,726. The company has a fifty day moving average price of $65.58 and a two-hundred day moving average price of $62.35. Shell plc has a 52-week low of $52.47 and a 52-week high of $68.74. The company has a market cap of $223.18 billion, a price-to-earnings ratio of 7.80, a P/E/G ratio of 0.84 and a beta of 0.63. The company has a quick ratio of 1.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.37.
Shell Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, November 17th will be given a dividend of $0.662 per share. This represents a $2.65 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date is Thursday, November 16th. Shell’s dividend payout ratio (DPR) is presently 31.28%.
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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