Navellier & Associates Inc. Decreases Stock Holdings in Shell plc (NYSE:SHEL)

Navellier & Associates Inc. cut its holdings in Shell plc (NYSE:SHEL) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,646 shares of the energy company’s stock after selling 776 shares during the quarter. Navellier & Associates Inc.’s holdings in Shell were worth $1,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of Shell by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company’s stock valued at $1,640,082,000 after purchasing an additional 96,549 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Shell by 13.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock worth $450,180,000 after acquiring an additional 772,736 shares in the last quarter. Mawer Investment Management Ltd. grew its holdings in Shell by 8.7% in the third quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock worth $348,405,000 after purchasing an additional 422,329 shares during the period. Jennison Associates LLC lifted its holdings in shares of Shell by 188.0% during the third quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock valued at $198,786,000 after purchasing an additional 1,967,672 shares during the last quarter. Finally, Westwood Global Investments LLC boosted its position in shares of Shell by 4.1% in the 2nd quarter. Westwood Global Investments LLC now owns 2,546,523 shares of the energy company’s stock worth $183,808,000 after purchasing an additional 100,379 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Trading Up 1.3 %

Shell stock opened at $66.30 on Friday. The firm has a market capitalization of $205.21 billion, a price-to-earnings ratio of 13.64, a P/E/G ratio of 1.97 and a beta of 0.56. Shell plc has a 12-month low of $60.34 and a 12-month high of $74.61. The firm has a 50 day moving average of $67.29 and a 200 day moving average of $70.01. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

Shell Dividend Announcement

The firm also recently declared 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 yield of 4.15%. Shell’s dividend payout ratio is presently 56.58%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SHEL shares. Royal Bank of Canada raised Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Barclays raised shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Finally, Citigroup raised Shell to a “hold” rating in a report 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 stock. According to data from MarketBeat, Shell currently has an average rating of “Buy” and an average price target of $82.00.

Shell Company 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.