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

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

Other institutional investors and hedge funds have also made changes to their positions in the company. NorthCrest Asset Manangement LLC raised its position in shares of Shell by 6.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock valued at $247,000 after acquiring an additional 225 shares in the last quarter. Foresight Global Investors Inc. acquired a new stake in Shell in the second quarter worth $1,472,000. Creative Planning increased its position in Shell by 11.3% in the second quarter. Creative Planning now owns 292,587 shares of the energy company’s stock worth $21,119,000 after buying an additional 29,677 shares during the period. Rockefeller Capital Management L.P. increased its position in Shell by 1.5% in the third quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock worth $206,116,000 after buying an additional 46,293 shares during the period. Finally, Mawer Investment Management Ltd. increased its position in Shell by 8.7% in the third quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock worth $348,405,000 after buying an additional 422,329 shares during the period. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Trading Down 0.5 %

Shares of SHEL stock opened at $61.85 on Wednesday. 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 plc has a fifty-two week low of $60.34 and a fifty-two week high of $74.61. The stock has a market capitalization of $190.33 billion, a P/E ratio of 12.76, a P/E/G ratio of 4.84 and a beta of 0.55. The stock has a 50-day simple moving average of $66.07 and a 200 day simple moving average of $69.03.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be given a $0.688 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.45%. Shell’s dividend payout ratio (DPR) is 56.58%.

Analyst Upgrades and Downgrades

SHEL has been the topic of several analyst reports. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Citigroup raised Shell to a “hold” rating in a report on Wednesday, October 2nd. Wells Fargo & Company lowered their price target on Shell from $88.00 to $87.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Finally, Scotiabank lowered their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Two equities research 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’s stock. Based on data from MarketBeat.com, Shell has a consensus rating of “Buy” and an average price target of $81.75.

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.