Russell Investments Group Ltd. Buys 378,902 Shares of Shell plc (NYSE:SHEL)

Russell Investments Group Ltd. raised its holdings in shares of Shell plc (NYSE:SHELGet Rating) by 82.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 836,184 shares of the energy company’s stock after purchasing an additional 378,902 shares during the quarter. Russell Investments Group Ltd.’s holdings in Shell were worth $41,607,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Founders Capital Management bought a new stake in shares of Shell during the second quarter worth $26,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of Shell in the second quarter valued at about $27,000. First Command Bank bought a new stake in shares of Shell in the second quarter valued at about $30,000. Concord Wealth Partners bought a new stake in shares of Shell in the second quarter valued at about $35,000. Finally, HHM Wealth Advisors LLC raised its holdings in shares of Shell by 130.3% in the second quarter. HHM Wealth Advisors LLC now owns 691 shares of the energy company’s stock valued at $36,000 after acquiring an additional 391 shares in the last quarter. 7.74% of the stock is currently owned by institutional investors.

Shell Price Performance

Shares of SHEL stock opened at $57.99 on Wednesday. Shell plc has a fifty-two week low of $44.90 and a fifty-two week high of $61.67. The firm has a market capitalization of $208.61 billion, a price-to-earnings ratio of 5.06, a PEG ratio of 0.64 and a beta of 0.68. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.08 and a current ratio of 1.38. The stock’s 50-day simple moving average is $57.21 and its 200-day simple moving average is $54.08.

Shell (NYSE:SHELGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The energy company reported $2.58 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.10). Shell had a return on equity of 19.72% and a net margin of 11.56%. The business had revenue of $98.76 billion for the quarter. As a group, equities analysts forecast that Shell plc will post 10.2 earnings per share for the current fiscal year.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 19th. Investors of record on Friday, November 11th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Wednesday, November 9th. Shell’s dividend payout ratio (DPR) is 17.45%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Shell from GBX 2,761 ($34.18) to GBX 2,987 ($36.98) in a report on Tuesday, December 6th. JPMorgan Chase & Co. lifted their target price on Shell from GBX 2,900 ($35.90) to GBX 2,950 ($36.52) in a research note on Friday, December 2nd. Grupo Santander lowered Shell from an “outperform” rating to a “neutral” rating in a research note on Monday, October 24th. The Goldman Sachs Group lowered Shell from a “buy” rating to a “neutral” rating in a research note on Sunday, November 6th. Finally, Morgan Stanley lowered Shell from an “overweight” rating to an “equal weight” rating in a research note on Monday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $2,161.63.

About Shell

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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 necessary to deliver gas to market.

Further Reading

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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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