HF Advisory Group LLC Has $1.68 Million Stock Holdings in Shell plc (NYSE:SHEL)

HF Advisory Group LLC grew its holdings in shares of Shell plc (NYSE:SHEL) by 8.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 25,532 shares of the energy company’s stock after acquiring an additional 1,993 shares during the period. HF Advisory Group LLC’s holdings in Shell were worth $1,684,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. NorthCrest Asset Manangement LLC lifted its holdings in Shell by 6.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock worth $247,000 after buying an additional 225 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Shell by 21.0% in the first quarter. Lazard Asset Management LLC now owns 44,896 shares of the energy company’s stock worth $3,009,000 after acquiring an additional 7,779 shares during the period. Creative Planning increased its position 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 purchasing an additional 29,677 shares during the period. Raymond James & Associates raised its holdings in Shell by 65.7% during the 2nd quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock worth $122,579,000 after purchasing an additional 673,624 shares during the last quarter. Finally, Foresight Global Investors Inc. bought a new stake in shares of Shell in the 2nd quarter valued at $1,472,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

Shares of NYSE:SHEL opened at $68.22 on Wednesday. The stock’s 50 day moving average is $67.88 and its 200-day moving average is $70.47. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $212.31 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 1.86 and a beta of 0.56.

Shell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be paid a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio (DPR) is 56.58%.

Wall Street Analyst Weigh In

SHEL has been the subject of a number of analyst reports. Scotiabank lowered their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Barclays raised Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Berenberg Bank upgraded Shell to a “strong-buy” rating in a report on Monday, August 5th. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Finally, Wolfe Research began coverage on shares of Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Three research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $82.00.

About Shell

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.