Holistic Planning LLC Buys 2,725 Shares of Shell plc (NYSE:SHEL)

Holistic Planning LLC grew its stake in Shell plc (NYSE:SHEL) by 53.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,785 shares of the energy company’s stock after buying an additional 2,725 shares during the quarter. Holistic Planning LLC’s holdings in Shell were worth $513,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SHEL. NorthCrest Asset Manangement LLC boosted its holdings in Shell by 6.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock worth $247,000 after buying an additional 225 shares during the period. Lazard Asset Management LLC grew its position in shares of Shell by 21.0% during the first quarter. Lazard Asset Management LLC now owns 44,896 shares of the energy company’s stock worth $3,009,000 after purchasing an additional 7,779 shares in the last quarter. Creative Planning raised its stake in Shell by 11.3% during the 2nd quarter. Creative Planning now owns 292,587 shares of the energy company’s stock valued at $21,119,000 after purchasing an additional 29,677 shares during the period. Raymond James & Associates boosted its stake in Shell by 65.7% in the 2nd quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock worth $122,579,000 after purchasing an additional 673,624 shares during the period. Finally, Foresight Global Investors Inc. purchased a new stake in Shell during the 2nd quarter valued at approximately $1,472,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SHEL. Wolfe Research assumed coverage on shares of Shell in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Citigroup upgraded Shell to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company lifted their price objective on shares of Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, Berenberg Bank upgraded Shell to a “strong-buy” rating in a report on Monday, August 5th. Three 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $82.00.

Shell Stock Performance

SHEL stock opened at $67.06 on Friday. The business’s fifty day simple moving average is $67.64 and its two-hundred day simple moving average is $70.40. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The firm has a market cap of $208.70 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 2.06 and a beta of 0.56. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61.

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be given a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio (DPR) is presently 56.58%.

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.