Dynamic Technology Lab Private Ltd Makes New $2.31 Million Investment in Shell plc (NYSE:SHEL)

Dynamic Technology Lab Private Ltd bought a new position in Shell plc (NYSE:SHEL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 34,944 shares of the energy company’s stock, valued at approximately $2,305,000.

Other large investors have also bought and sold shares of the company. NorthCrest Asset Manangement LLC grew its holdings in shares of Shell by 6.4% during the third 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 during the last quarter. Lazard Asset Management LLC increased its position in Shell by 21.0% in the 1st quarter. Lazard Asset Management LLC now owns 44,896 shares of the energy company’s stock valued at $3,009,000 after acquiring an additional 7,779 shares in the last quarter. Creative Planning lifted its position in shares of Shell by 11.3% during the second quarter. Creative Planning now owns 292,587 shares of the energy company’s stock worth $21,119,000 after purchasing an additional 29,677 shares in the last quarter. Raymond James & Associates grew its stake in shares of Shell by 65.7% during the second quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock valued at $122,579,000 after purchasing an additional 673,624 shares during the last quarter. Finally, Foresight Global Investors Inc. bought a new position in Shell in the 2nd quarter worth approximately $1,472,000. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Down 0.4 %

Shares of SHEL stock opened at $66.03 on Monday. The company has a market capitalization of $204.39 billion, a price-to-earnings ratio of 13.59, a P/E/G ratio of 1.98 and a beta of 0.56. Shell plc has a 12-month low of $60.34 and a 12-month high of $74.61. The firm has a fifty day moving average of $67.25 and a 200-day moving average of $69.92. 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. Shareholders of record on Friday, November 15th will be paid a $0.688 dividend. This represents a $2.75 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Friday, November 15th. Shell’s dividend payout ratio is 56.58%.

Wall Street Analysts Forecast Growth

SHEL has been the topic of a number of recent research reports. Barclays upgraded Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a report on Friday, October 11th. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Citigroup upgraded shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Finally, Scotiabank dropped 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 report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average 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.