Independent Advisor Alliance raised its position in Shell plc (NYSE:SHEL – Get Rating) by 7.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,403 shares of the energy company’s stock after purchasing an additional 1,421 shares during the quarter. Independent Advisor Alliance’s holdings in Shell were worth $1,065,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Acadian Asset Management LLC bought a new position in Shell during the 1st quarter worth approximately $443,000. Yousif Capital Management LLC bought a new position in Shell during the 1st quarter worth approximately $3,322,000. Synovus Financial Corp bought a new position in Shell during the 1st quarter worth approximately $1,018,000. Vontobel Holding Ltd. bought a new position in Shell during the 1st quarter worth approximately $791,000. Finally, Blair William & Co. IL bought a new position in Shell during the 1st quarter worth approximately $2,090,000. Institutional investors and hedge funds own 7.74% of the company’s stock.
Analysts Set New Price Targets
SHEL has been the topic of a number of research analyst reports. Wolfe Research downgraded Shell from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 12th. Morgan Stanley downgraded Shell from an “overweight” rating to an “equal weight” rating in a report on Monday. The Goldman Sachs Group downgraded Shell from a “buy” rating to a “neutral” rating in a report on Sunday, November 6th. Deutsche Bank Aktiengesellschaft raised their price target on Shell from GBX 2,761 ($34.18) to GBX 2,987 ($36.98) in a report on Tuesday, December 6th. Finally, Grupo Santander downgraded Shell from an “outperform” rating to a “neutral” rating in a report on Monday, October 24th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Shell presently has an average rating of “Moderate Buy” and a consensus target price of $2,161.63.
Shell Stock Down 1.1 %
Shell (NYSE:SHEL – Get Rating) last issued its quarterly earnings results on Thursday, October 27th. The energy company reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.10). Shell had a net margin of 11.56% and a return on equity of 19.72%. The firm had revenue of $98.76 billion for the quarter. As a group, research analysts forecast that Shell plc will post 10.2 EPS for the current year.
Shell Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, December 19th. Stockholders of record on Friday, November 11th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Wednesday, November 9th. Shell’s dividend payout ratio (DPR) is presently 17.45%.
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 necessary to deliver gas to market.
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