Yaupon Capital Management LP Increases Stake in Shell plc (NYSE:SHEL)

Yaupon Capital Management LP raised its stake in shares of Shell plc (NYSE:SHEL) by 35.5% during the third quarter, HoldingsChannel reports. The firm owned 693,641 shares of the energy company’s stock after buying an additional 181,601 shares during the quarter. Shell comprises 2.5% of Yaupon Capital Management LP’s holdings, making the stock its 6th largest position. Yaupon Capital Management LP’s holdings in Shell were worth $45,746,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hobbs Group Advisors LLC bought a new position in Shell during the 2nd quarter valued at about $26,000. Triad Wealth Partners LLC bought a new position in shares of Shell during the second quarter valued at approximately $31,000. Fairscale Capital LLC purchased a new stake in shares of Shell in the second quarter worth approximately $33,000. Fortitude Family Office LLC bought a new stake in shares of Shell during the 3rd quarter worth approximately $30,000. Finally, Valley Wealth Managers Inc. bought a new position in Shell in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SHEL. Citigroup raised shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company lifted their price objective on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Scotiabank reduced their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Barclays upgraded Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Three equities research 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. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $82.00.

Shell Price Performance

Shares of SHEL opened at $63.25 on Friday. The company has a 50 day moving average of $66.56 and a two-hundred day moving average of $69.35. The company has a market cap of $195.79 billion, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 1.93 and a beta of 0.55. 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 plc has a twelve month low of $60.34 and a twelve month high of $74.61.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be given a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 4.35%. The ex-dividend date is Friday, November 15th. Shell’s dividend payout ratio is currently 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.