Shell plc (NYSE:SHEL) Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its holdings in shares of Shell plc (NYSE:SHEL) by 13.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,732 shares of the energy company’s stock after purchasing an additional 3,503 shares during the period. Concurrent Investment Advisors LLC’s holdings in Shell were worth $1,961,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Horizon Advisors Inc. lifted its stake in shares of Shell by 1.3% during the second quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock valued at $801,000 after buying an additional 142 shares during the period. Lester Murray Antman dba SimplyRich boosted its holdings in shares of Shell by 0.6% during the second quarter. Lester Murray Antman dba SimplyRich now owns 26,901 shares of the energy company’s stock worth $1,941,000 after purchasing an additional 158 shares during the last quarter. Procyon Advisors LLC grew its position in shares of Shell by 3.2% in the third quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock valued at $335,000 after purchasing an additional 159 shares during the period. Sax Wealth Advisors LLC lifted its position in Shell by 4.1% during the second quarter. Sax Wealth Advisors LLC now owns 4,086 shares of the energy company’s stock worth $295,000 after buying an additional 162 shares during the period. Finally, GHP Investment Advisors Inc. boosted its stake in Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after buying an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Up 0.4 %

Shares of NYSE:SHEL opened at $68.62 on Friday. The company has a market capitalization of $213.55 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 2.04 and a beta of 0.56. The company has a 50 day moving average of $67.73 and a two-hundred day moving average of $70.44. Shell plc has a 52-week low of $60.34 and a 52-week 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.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be paid a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 4.01%. The ex-dividend date is Friday, November 15th. Shell’s dividend payout ratio (DPR) is 56.58%.

Analysts Set New Price Targets

SHEL has been the topic of several research analyst reports. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Wolfe Research initiated coverage on Shell in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Scotiabank dropped their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Finally, Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $82.00.

Shell 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.