Shell plc (NYSE:SHEL) Shares Purchased by Holocene Advisors LP

Holocene Advisors LP boosted its stake in shares of Shell plc (NYSE:SHEL) by 29.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,773,617 shares of the energy company’s stock after purchasing an additional 866,954 shares during the period. Shell makes up about 1.0% of Holocene Advisors LP’s portfolio, making the stock its 20th biggest position. Holocene Advisors LP owned approximately 0.12% of Shell worth $248,870,000 as of its most recent filing with the Securities and Exchange Commission.

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

Shell Stock Down 0.1 %

Shares of NYSE SHEL opened at $64.67 on Monday. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. 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 company’s 50-day simple moving average is $66.89 and its 200-day simple moving average is $69.58. The firm has a market cap of $200.18 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 1.94 and a beta of 0.56.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.688 per share. The ex-dividend date is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.26%. Shell’s payout ratio is currently 56.58%.

Analyst Ratings Changes

Several brokerages have weighed in on SHEL. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Berenberg Bank raised Shell to a “strong-buy” rating in a report on Monday, August 5th. Wells Fargo & Company boosted their price target on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Scotiabank dropped their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Barclays upgraded shares of Shell to a “strong-buy” rating in a research note 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 MarketBeat, the company has an average rating of “Buy” and an average 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.