Davis R M Inc. Boosts Stake in Shell plc (NYSE:SHEL)

Davis R M Inc. increased its position in Shell plc (NYSE:SHEL) by 64.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,040 shares of the energy company’s stock after acquiring an additional 3,920 shares during the quarter. Davis R M Inc.’s holdings in Shell were worth $662,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC grew its holdings in Shell by 2.1% during the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock valued at $1,617,796,000 after buying an additional 507,311 shares in the last quarter. Larson Financial Group LLC raised its stake in Shell by 5,405.2% during the third quarter. Larson Financial Group LLC now owns 6,386 shares of the energy company’s stock valued at $421,000 after purchasing an additional 6,270 shares in the last quarter. WESPAC Advisors LLC grew its position in Shell by 16.6% in the third quarter. WESPAC Advisors LLC now owns 10,283 shares of the energy company’s stock worth $678,000 after acquiring an additional 1,466 shares in the last quarter. Pitcairn Co. boosted its holdings in shares of Shell by 10.9% in the 3rd quarter. Pitcairn Co. now owns 45,198 shares of the energy company’s stock worth $2,981,000 after purchasing an additional 4,424 shares during the period. Finally, Kingsview Wealth Management LLC boosted its stake in Shell by 7.7% during the third quarter. Kingsview Wealth Management LLC now owns 16,105 shares of the energy company’s stock worth $1,062,000 after buying an additional 1,158 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Shell Trading Down 1.5 %

NYSE SHEL opened at $65.06 on Tuesday. The company has a fifty day moving average of $67.25 and a 200 day moving average of $69.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The company has a market capitalization of $201.39 billion, a PE ratio of 13.39, a P/E/G ratio of 1.98 and a beta of 0.56. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be given a $0.688 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.23%. Shell’s dividend payout ratio (DPR) is currently 56.58%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SHEL shares. Barclays upgraded Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Scotiabank dropped their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research note on Friday, October 11th. Wells Fargo & Company upped their target price on Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, Berenberg Bank upgraded Shell to a “strong-buy” rating in a report on Monday, August 5th. Three analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Shell has a consensus rating of “Buy” and an average price target of $82.00.

Shell Company Profile

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 to deliver gas to market.