Bridge Creek Capital Management LLC Has $3.35 Million Holdings in Shell plc (NYSE:SHEL)

Bridge Creek Capital Management LLC boosted its position in shares of Shell plc (NYSE:SHEL) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,514 shares of the energy company’s stock after acquiring an additional 196 shares during the period. Bridge Creek Capital Management LLC’s holdings in Shell were worth $3,353,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Shell by 5.2% in the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock worth $4,306,465,000 after acquiring an additional 3,255,347 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Shell by 2.1% in the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock valued at $1,617,796,000 after acquiring an additional 507,311 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings 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 worth $1,640,082,000 after purchasing an additional 96,549 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Shell by 0.9% in the third quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock valued at $408,430,000 after purchasing an additional 55,637 shares in the last quarter. Finally, Mawer Investment Management Ltd. raised its stake in shares of Shell by 8.7% in the third quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock valued at $348,405,000 after purchasing an additional 422,329 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Stock Up 0.1 %

Shares of NYSE:SHEL traded up $0.09 during mid-day trading on Monday, reaching $65.03. 2,434,644 shares of the stock were exchanged, compared to its average volume of 4,351,464. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The company has a market cap of $200.11 billion, a P/E ratio of 13.38, a P/E/G ratio of 4.84 and a beta of 0.55. Shell plc has a one year low of $60.15 and a one year high of $74.61. The stock’s 50 day simple moving average is $64.38 and its 200-day simple moving average is $68.01.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were paid a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio is currently 56.58%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Barclays upgraded Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Friday, January 3rd. Finally, Citigroup raised shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $79.69.

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.