JCIC Asset Management Inc. Boosts Stake in Shell plc (NYSE:SHEL)

JCIC Asset Management Inc. lifted its position in shares of Shell plc (NYSE:SHEL) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,082 shares of the energy company’s stock after purchasing an additional 560 shares during the quarter. Shell comprises 1.2% of JCIC Asset Management Inc.’s investment portfolio, making the stock its 29th biggest holding. JCIC Asset Management Inc.’s holdings in Shell were worth $2,887,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SHEL. NorthCrest Asset Manangement LLC boosted its stake in Shell by 6.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock worth $247,000 after purchasing an additional 225 shares in the last quarter. Foresight Global Investors Inc. purchased a new position in Shell in the 2nd quarter worth about $1,472,000. Rockefeller Capital Management L.P. boosted its holdings in shares of Shell by 1.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock valued at $206,116,000 after acquiring an additional 46,293 shares during the last quarter. Creative Planning raised its stake in Shell by 11.3% during the 2nd quarter. Creative Planning now owns 292,587 shares of the energy company’s stock valued at $21,119,000 after buying an additional 29,677 shares during the last quarter. Finally, Mawer Investment Management Ltd. grew its holdings in shares of 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 acquiring an additional 422,329 shares during the period. Institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SHEL shares. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research note on Friday, October 11th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Citigroup upgraded Shell to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company cut their price objective on Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Scotiabank lowered their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $79.69.

Shell Trading Up 0.0 %

Shares of NYSE:SHEL traded up $0.02 during trading on Monday, hitting $64.96. The company had a trading volume of 2,539,720 shares, compared to its average volume of 4,366,291. The stock has a market cap of $199.90 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 4.84 and a beta of 0.55. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The company has a fifty day simple moving average of $64.38 and a two-hundred day simple moving average of $68.01. Shell plc has a one year low of $60.15 and a one year high of $74.61.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were given a dividend of $0.688 per share. The ex-dividend date was Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.24%. Shell’s dividend payout ratio (DPR) is presently 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.