Posted by admin on Aug 16th, 2022
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Shell plc (NYSE:SHEL – Get Rating) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,845 shares of the energy company’s stock, valued at approximately $321,000.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Banque Cantonale Vaudoise purchased a new position in shares of Shell during the 1st quarter valued at $231,000. Qube Research & Technologies Ltd bought a new stake in Shell in the first quarter worth $1,572,000. Marble Harbor Investment Counsel LLC bought a new stake in Shell in the first quarter worth $2,629,000. Wolff Wiese Magana LLC bought a new stake in Shell in the first quarter worth $60,000. Finally, Retirement Planning Co of New England Inc. bought a new stake in Shell in the first quarter worth $687,000. 11.72% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SHEL opened at $53.03 on Tuesday. The company has a 50-day simple moving average of $51.77 and a 200-day simple moving average of $53.83. The firm has a market capitalization of $202.84 billion, a P/E ratio of 5.58, a P/E/G ratio of 0.52 and a beta of 0.68. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.39. Shell plc has a 52 week low of $44.90 and a 52 week high of $61.67.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 19th. Investors of record on Friday, August 12th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Thursday, August 11th. Shell’s dividend payout ratio (DPR) is presently 21.05%.
A number of equities research analysts recently issued reports on SHEL shares. HSBC decreased their price objective on shares of Shell from GBX 2,700 ($32.62) to GBX 2,550 ($30.81) in a report on Wednesday, July 20th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Shell from GBX 2,551 ($30.82) to GBX 2,779 ($33.58) in a report on Wednesday, July 6th. Credit Suisse Group began coverage on shares of Shell in a report on Thursday, June 9th. They set an “outperform” rating for the company. JPMorgan Chase & Co. upped their price target on shares of Shell from GBX 2,850 ($34.44) to GBX 3,000 ($36.25) in a report on Friday, July 15th. Finally, UBS Group upped their price target on shares of Shell from GBX 2,450 ($29.60) to GBX 2,550 ($30.81) in a report on Friday, May 6th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $2,134.13.
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 necessary to deliver gas to market.
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