Shell plc (NYSE:SHEL) Shares Bought by Riversedge Advisors LLC

Riversedge Advisors LLC increased its holdings in shares of Shell plc (NYSE:SHEL) by 18.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,602 shares of the energy company’s stock after purchasing an additional 559 shares during the period. Riversedge Advisors LLC’s holdings in Shell were worth $226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of SHEL. FMR LLC raised its holdings in shares of Shell by 5.2% during the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after buying an additional 3,255,347 shares during the period. Empyrean Capital Partners LP purchased a new stake in shares of Shell during the second quarter valued at approximately $151,578,000. Jennison Associates LLC boosted its stake in shares of Shell by 188.0% in the third quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock valued at $198,786,000 after purchasing an additional 1,967,672 shares during the period. Holocene Advisors LP grew its holdings in Shell by 29.8% during the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock valued at $248,870,000 after purchasing an additional 866,954 shares in the last quarter. Finally, Mediolanum International Funds Ltd acquired a new position in Shell in the 3rd quarter worth $37,274,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on SHEL. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Friday, January 3rd. Scotiabank dropped their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Piper Sandler reduced their target price on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Citigroup raised shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $79.69.

Shell Trading Up 0.4 %

NYSE SHEL opened at $66.74 on Friday. The firm has a market capitalization of $205.36 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 5.60 and a beta of 0.55. Shell plc has a one year low of $60.15 and a one year high of $74.61. The company has a 50-day simple moving average of $64.19 and a 200-day simple moving average of $67.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were given a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Friday, November 15th. Shell’s payout ratio is 56.58%.

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.