Hilltop National Bank Boosts Holdings in Shell plc (NYSE:SHEL)

Hilltop National Bank raised its position in Shell plc (NYSE:SHEL) by 11.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 21,652 shares of the energy company’s stock after acquiring an additional 2,299 shares during the period. Hilltop National Bank’s holdings in Shell were worth $1,356,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SHEL. NorthCrest Asset Manangement LLC boosted 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 worth $247,000 after purchasing an additional 225 shares in the last quarter. Foresight Global Investors Inc. acquired a new stake in shares of Shell in the second quarter valued at about $1,472,000. Rockefeller Capital Management L.P. grew its position in Shell by 1.5% during 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. Creative Planning increased its holdings in Shell by 11.3% in the second 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 in the last quarter. Finally, Mawer Investment Management Ltd. boosted its stake in shares of Shell by 8.7% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Down 0.1 %

Shares of NYSE:SHEL traded down $0.06 during mid-day trading on Friday, hitting $64.66. 2,027,286 shares of the company traded hands, compared to its average volume of 4,282,798. The firm has a market cap of $198.97 billion, a P/E ratio of 13.30, a PEG ratio of 4.84 and a beta of 0.55. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The firm’s 50 day simple moving average is $64.43 and its 200 day simple moving average is $68.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were paid 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 4.26%. Shell’s dividend payout ratio is presently 56.58%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a report on Wednesday. Barclays upgraded shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $66.50 to $79.80 in a research report on Tuesday. Wells Fargo & Company lowered their price target on shares of Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Scotiabank reduced their target price on 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 equities 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $79.69.

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.