Shell plc (NYSE:SHEL) Stock Position Raised by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its stake in shares of Shell plc (NYSE:SHEL) by 0.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 714,990 shares of the energy company’s stock after acquiring an additional 3,136 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Shell were worth $47,154,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Adero Partners LLC bought a new stake in shares of Shell during the 3rd quarter worth $202,000. Valley Wealth Managers Inc. bought a new stake in shares of Shell during the 3rd quarter worth $33,000. OneDigital Investment Advisors LLC boosted its stake in shares of Shell by 2.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,889 shares of the energy company’s stock worth $520,000 after acquiring an additional 196 shares in the last quarter. Schulhoff & Co. Inc. lifted its holdings in shares of Shell by 2.7% in the third quarter. Schulhoff & Co. Inc. now owns 10,367 shares of the energy company’s stock valued at $684,000 after purchasing an additional 275 shares in the last quarter. Finally, Pinnacle Financial Partners Inc lifted its holdings in shares of Shell by 0.3% in the third quarter. Pinnacle Financial Partners Inc now owns 143,679 shares of the energy company’s stock valued at $9,476,000 after purchasing an additional 481 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Trading Up 1.3 %

Shell stock opened at $66.33 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The company has a market capitalization of $206.41 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 1.97 and a beta of 0.56. Shell plc has a one year low of $60.34 and a one year high of $74.61. The company’s fifty day moving average price is $67.33 and its two-hundred day moving average price is $70.13.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders 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 4.15%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s payout ratio is 56.58%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SHEL shares. Scotiabank reduced their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Citigroup upgraded Shell to a “hold” rating in a report on Wednesday, October 2nd. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Berenberg Bank upgraded Shell to a “strong-buy” rating in a report on Monday, August 5th. Finally, Barclays upgraded Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Shell has an average rating of “Buy” and a consensus target price 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.