Fisher Asset Management LLC Boosts Stock Holdings in Shell plc (NYSE:SHEL)

Fisher Asset Management LLC grew its holdings in shares of Shell plc (NYSE:SHEL) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,530,647 shares of the energy company’s stock after purchasing an additional 507,311 shares during the period. Fisher Asset Management LLC owned approximately 0.79% of Shell worth $1,617,796,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SHEL shares. Scotiabank reduced their price objective on 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 report on Friday, October 11th. Citigroup upgraded shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Barclays raised shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Three equities 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 company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $82.00.

Shell Trading Down 0.4 %

Shares of SHEL opened at $66.03 on Monday. Shell plc has a fifty-two week low of $60.34 and a fifty-two week high of $74.61. The stock has a fifty day moving average of $67.25 and a two-hundred day moving average of $69.92. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The company has a market capitalization of $204.39 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 1.98 and a beta of 0.56.

Shell Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s payout ratio is 56.58%.

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.