Segall Bryant & Hamill LLC Takes $4.70 Million Position in Shell plc (NYSE:SHEL)

Segall Bryant & Hamill LLC purchased a new stake in Shell plc (NYSE:SHEL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 71,194 shares of the energy company’s stock, valued at approximately $4,695,000.

Other large investors also recently bought and sold shares of the company. West Family Investments Inc. lifted its holdings in shares of Shell by 4.4% in the 3rd quarter. West Family Investments Inc. now owns 20,139 shares of the energy company’s stock valued at $1,328,000 after purchasing an additional 858 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Shell by 1.7% in the third quarter. PNC Financial Services Group Inc. now owns 890,180 shares of the energy company’s stock valued at $58,707,000 after buying an additional 14,690 shares during the last quarter. SouthState Corp boosted its holdings in shares of Shell by 0.9% in the third quarter. SouthState Corp now owns 86,445 shares of the energy company’s stock valued at $5,701,000 after acquiring an additional 769 shares during the period. Beddow Capital Management Inc. increased its holdings in shares of Shell by 1.4% in the 3rd quarter. Beddow Capital Management Inc. now owns 61,916 shares of the energy company’s stock valued at $4,083,000 after acquiring an additional 855 shares during the period. Finally, Prospera Financial Services Inc raised its position in Shell by 13.7% in the 3rd quarter. Prospera Financial Services Inc now owns 135,206 shares of the energy company’s stock valued at $8,917,000 after purchasing an additional 16,258 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on SHEL. 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. Berenberg Bank raised Shell to a “strong-buy” rating in a research note on Monday, August 5th. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research note on Friday, October 11th. Barclays raised Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Shell presently has a consensus rating of “Buy” and a consensus price target of $82.00.

Shell Price Performance

Shares of NYSE:SHEL opened at $66.03 on Friday. Shell plc has a 12 month low of $60.34 and a 12 month high of $74.61. The firm has a market capitalization of $204.39 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 1.97 and a beta of 0.56. The business’s 50 day simple moving average is $67.28 and its 200-day simple moving average is $69.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be given a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Friday, November 15th. Shell’s dividend payout ratio is currently 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.