Shell plc (NYSE:SHEL) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. raised its holdings in Shell plc (NYSE:SHEL) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 975,399 shares of the energy company’s stock after purchasing an additional 4,981 shares during the quarter. Pacer Advisors Inc.’s holdings in Shell were worth $64,328,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHEL. Thompson Siegel & Walmsley LLC grew its stake in shares of Shell by 1.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 15,775 shares of the energy company’s stock worth $1,040,000 after purchasing an additional 300 shares during the period. Trustmark National Bank Trust Department raised its position in shares of Shell by 2.6% in the third quarter. Trustmark National Bank Trust Department now owns 26,342 shares of the energy company’s stock worth $1,737,000 after acquiring an additional 660 shares during the period. Cypress Capital Group purchased a new stake in shares of Shell during the 3rd quarter worth about $218,000. Altman Advisors Inc. increased its stake in shares of Shell by 1.5% in the 3rd quarter. Altman Advisors Inc. now owns 23,544 shares of the energy company’s stock valued at $1,553,000 after purchasing an additional 349 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in Shell by 3.0% during the third quarter. First Horizon Advisors Inc. now owns 11,425 shares of the energy company’s stock worth $754,000 after purchasing an additional 328 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on SHEL shares. Scotiabank reduced their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company boosted their target price on shares of Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Citigroup upgraded Shell to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Barclays raised Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Shell has an average rating of “Buy” and a consensus price target of $82.00.

Shell Stock Performance

NYSE SHEL opened at $66.30 on Friday. Shell plc has a fifty-two week low of $60.34 and a fifty-two week high of $74.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The stock’s fifty day moving average is $67.29 and its two-hundred day moving average is $70.01. The firm has a market capitalization of $205.21 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 1.97 and a beta of 0.56.

Shell Announces Dividend

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 paid a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date is Friday, November 15th. Shell’s dividend payout ratio (DPR) is presently 56.58%.

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.