Integrated Investment Consultants LLC Makes New Investment in Shell plc (NYSE:SHEL)

Integrated Investment Consultants LLC purchased a new stake in shares of Shell plc (NYSE:SHEL) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 19,628 shares of the energy company’s stock, valued at approximately $1,230,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. FMR LLC increased its holdings in shares of Shell by 5.2% during the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock worth $4,306,465,000 after buying an additional 3,255,347 shares in the last quarter. Fisher Asset Management LLC grew its position 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 worth $1,617,796,000 after acquiring an additional 507,311 shares during the last quarter. Franklin Resources Inc. raised its position in Shell by 0.9% in the third quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock valued at $408,430,000 after purchasing an additional 55,637 shares during the last quarter. Mawer Investment Management Ltd. boosted its stake in shares of Shell by 8.7% during the third 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 in the last quarter. Finally, Holocene Advisors LP increased its stake in shares of Shell by 29.8% in the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock valued at $248,870,000 after buying an additional 866,954 shares during the period. Institutional investors own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

SHEL has been the topic of a number of research reports. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Friday, January 3rd. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wells Fargo & Company cut their target price on Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Finally, Piper Sandler reduced their target price on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $79.69.

Shell Price Performance

Shares of SHEL opened at $66.74 on Friday. The firm has a market cap 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 52-week low of $60.15 and a 52-week high of $74.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The business’s 50 day moving average price is $64.19 and its two-hundred day moving average price is $67.86.

Shell Announces Dividend

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

About Shell

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.