Shell plc (NYSE:SHEL) Shares Purchased by Lincoln National Corp

Lincoln National Corp lifted its stake in Shell plc (NYSE:SHEL) by 23.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,245 shares of the energy company’s stock after acquiring an additional 2,704 shares during the period. Lincoln National Corp’s holdings in Shell were worth $937,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SHEL. FMR LLC grew its stake in Shell by 29.1% during the 3rd quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock worth $1,872,666,000 after buying an additional 6,554,340 shares during the last quarter. Invesco Ltd. boosted its stake in Shell by 162.9% during the 3rd quarter. Invesco Ltd. now owns 1,763,562 shares of the energy company’s stock worth $113,538,000 after purchasing an additional 1,092,670 shares during the period. Wellington Management Group LLP grew its position in Shell by 10.7% during the 3rd quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock worth $562,866,000 after purchasing an additional 848,104 shares during the last quarter. L1 Capital Pty Ltd raised its holdings in shares of Shell by 188.7% in the third quarter. L1 Capital Pty Ltd now owns 1,224,617 shares of the energy company’s stock valued at $78,841,000 after buying an additional 800,365 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of Shell by 7,154.1% during the third quarter. Lazard Asset Management LLC now owns 785,622 shares of the energy company’s stock worth $50,578,000 after buying an additional 774,792 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Trading Up 1.3 %

Shares of SHEL opened at $73.55 on Friday. The firm’s 50-day moving average is $69.23 and its two-hundred day moving average is $66.18. Shell plc has a twelve month low of $55.78 and a twelve month high of $73.94. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $236.65 billion, a P/E ratio of 13.57, a PEG ratio of 1.70 and a beta of 0.59.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, May 17th will be given a $0.688 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.74%. This is a boost from Shell’s previous quarterly dividend of $0.66. Shell’s dividend payout ratio (DPR) is currently 50.74%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SHEL shares. Wells Fargo & Company increased their price target on Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. TD Securities boosted their price target on shares of Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, TheStreet raised Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $66.50.

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.