XTX Topco Ltd Buys Shares of 38,076 Shell plc (NYSE:SHEL)

XTX Topco Ltd acquired a new stake in Shell plc (NYSE:SHEL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 38,076 shares of the energy company’s stock, valued at approximately $2,511,000.

Several other hedge funds also recently bought and sold shares of SHEL. First Horizon Advisors Inc. boosted its position in shares of Shell by 1.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock valued at $801,000 after acquiring an additional 142 shares during the last quarter. Lester Murray Antman dba SimplyRich raised its stake in Shell by 0.6% in the second quarter. Lester Murray Antman dba SimplyRich now owns 26,901 shares of the energy company’s stock valued at $1,941,000 after purchasing an additional 158 shares in the last quarter. Procyon Advisors LLC grew its stake in Shell by 3.2% in the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock worth $335,000 after buying an additional 159 shares in the last quarter. GHP Investment Advisors Inc. lifted its holdings in shares of Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after acquiring an additional 163 shares during the last quarter. Finally, Waldron Private Wealth LLC raised its position in Shell by 4.1% during the second quarter. Waldron Private Wealth LLC now owns 4,169 shares of the energy company’s stock valued at $301,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

Shares of Shell stock opened at $63.25 on Friday. Shell plc has a 12 month low of $60.34 and a 12 month high of $74.61. The firm has a market capitalization of $195.79 billion, a P/E ratio of 13.01, a P/E/G ratio of 1.93 and a beta of 0.55. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $66.56 and a two-hundred day simple moving average of $69.35.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be paid a $0.688 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.35%. Shell’s payout ratio is currently 56.58%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SHEL. Wells Fargo & Company boosted their price objective on shares of Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Barclays raised shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. Citigroup upgraded Shell to a “hold” rating in a report on Wednesday, October 2nd. Finally, Scotiabank decreased their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Shell currently has an average rating of “Buy” and an average target price 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.