Rockefeller Capital Management L.P. Buys 46,293 Shares of Shell plc (NYSE:SHEL)

Rockefeller Capital Management L.P. boosted its stake in shares of Shell plc (NYSE:SHEL) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,125,284 shares of the energy company’s stock after purchasing an additional 46,293 shares during the period. Shell comprises 0.6% of Rockefeller Capital Management L.P.’s portfolio, making the stock its 23rd largest holding. Rockefeller Capital Management L.P. owned about 0.10% of Shell worth $206,116,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SHEL. Hobbs Group Advisors LLC purchased a new position in shares of Shell in the second quarter worth approximately $26,000. Fortitude Family Office LLC bought a new position in shares of Shell during the 3rd quarter valued at approximately $30,000. Triad Wealth Partners LLC bought a new stake in Shell during the 2nd quarter worth approximately $31,000. Fairscale Capital LLC purchased a new position in Shell during the second quarter valued at approximately $33,000. Finally, Valley Wealth Managers Inc. bought a new stake in shares of Shell during the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

Shell stock opened at $64.91 on Friday. The company has a market cap of $200.93 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 1.95 and a beta of 0.56. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $66.97 and its 200-day moving average price is $69.71.

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be given a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio is currently 56.58%.

Analysts Set New Price Targets

SHEL has been the subject of a number of analyst reports. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research note on Monday, August 5th. Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company upped their price target on Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Barclays raised shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, 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. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Shell presently has a consensus rating of “Buy” and a consensus 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.