World Investment Advisors LLC Grows Stock Position in Shell plc (NYSE:SHEL)

World Investment Advisors LLC increased its holdings in Shell plc (NYSE:SHEL) by 37.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,594 shares of the energy company’s stock after buying an additional 1,512 shares during the period. World Investment Advisors LLC’s holdings in Shell were worth $369,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC raised its stake in Shell by 5.2% in the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after purchasing an additional 3,255,347 shares during the last quarter. Fisher Asset Management LLC raised its stake in Shell by 2.1% in 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 purchasing an additional 507,311 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Shell by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company’s stock valued at $1,640,082,000 after purchasing an additional 96,549 shares during the last quarter. Mawer Investment Management Ltd. raised its stake in Shell by 8.7% in the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock valued at $348,405,000 after purchasing an additional 422,329 shares during the last quarter. Finally, Holocene Advisors LP raised its stake in Shell by 29.8% in 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 during the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SHEL has been the subject of several analyst reports. Scotiabank cut their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Citigroup raised shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company dropped their price objective on shares of Shell from $88.00 to $87.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Barclays raised shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Shell has a consensus rating of “Buy” and a consensus target price of $81.75.

Shell Stock Down 0.5 %

NYSE SHEL opened at $61.85 on Wednesday. The stock has a market cap of $190.33 billion, a PE ratio of 12.76, a P/E/G ratio of 4.84 and a beta of 0.55. Shell plc has a fifty-two week low of $60.34 and a fifty-two week high of $74.61. The business has a 50 day moving average price of $66.07 and a two-hundred day moving average price of $69.03. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio (DPR) is currently 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.