CreativeOne Wealth LLC Raises Position in Shell plc (NYSE:SHEL)

CreativeOne Wealth LLC grew its stake in shares of Shell plc (NYSE:SHEL) by 5.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,324 shares of the energy company’s stock after buying an additional 417 shares during the quarter. CreativeOne Wealth LLC’s holdings in Shell were worth $549,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC grew its holdings in Shell by 5.2% in the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock worth $4,306,465,000 after acquiring an additional 3,255,347 shares during the last quarter. Empyrean Capital Partners LP bought a new stake in shares of Shell in the second quarter worth about $151,578,000. Jennison Associates LLC raised its position in Shell by 188.0% during the 3rd 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 last quarter. Raymond James & Associates lifted its holdings in Shell by 65.7% in the 2nd quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock worth $122,579,000 after buying an additional 673,624 shares during the period. Finally, Mediolanum International Funds Ltd purchased a new position in shares of Shell during the third quarter valued at approximately $37,274,000. Institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SHEL has been the topic of several recent analyst reports. Barclays upgraded shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company boosted their price target on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Citigroup raised Shell to a “hold” rating in a research report on Wednesday, October 2nd. Berenberg Bank raised Shell to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research note on Friday, October 11th. Three analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $82.00.

Shell Stock Down 0.3 %

Shares of NYSE:SHEL opened at $64.74 on Monday. Shell plc has a 12-month low of $60.34 and a 12-month high of $74.61. The stock has a market capitalization of $200.40 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 1.94 and a beta of 0.56. The stock has a fifty day simple moving average of $66.89 and a two-hundred day simple moving average of $69.58. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors 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 yield of 4.25%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio (DPR) 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.