Brown Brothers Harriman & Co. Boosts Stock Position in Shell plc (NYSE:SHEL)

Brown Brothers Harriman & Co. increased its holdings in shares of Shell plc (NYSE:SHEL) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,626 shares of the energy company’s stock after buying an additional 1,333 shares during the period. Brown Brothers Harriman & Co.’s holdings in Shell were worth $5,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Shell in the 3rd quarter worth about $2,305,000. Davis R M Inc. lifted its position in shares of Shell by 64.1% in the third quarter. Davis R M Inc. now owns 10,040 shares of the energy company’s stock valued at $662,000 after acquiring an additional 3,920 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Shell by 2.1% during the third quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after purchasing an additional 507,311 shares in the last quarter. Larson Financial Group LLC raised its stake in Shell by 5,405.2% in the 3rd quarter. Larson Financial Group LLC now owns 6,386 shares of the energy company’s stock valued at $421,000 after purchasing an additional 6,270 shares during the last quarter. Finally, WESPAC Advisors LLC lifted its holdings in Shell by 16.6% in the 3rd quarter. WESPAC Advisors LLC now owns 10,283 shares of the energy company’s stock valued at $678,000 after purchasing an additional 1,466 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Trading Down 1.5 %

SHEL opened at $65.06 on Tuesday. The business’s 50 day moving average price is $67.25 and its 200 day moving average price is $69.90. 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 has a market capitalization of $201.39 billion, a PE ratio of 13.39, a P/E/G ratio of 1.98 and a beta of 0.56. Shell plc has a one year low of $60.34 and a one year high of $74.61.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio is presently 56.58%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SHEL shares. Wells Fargo & Company increased their target price on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. Citigroup upgraded Shell to a “hold” rating in a research report on Wednesday, October 2nd. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Scotiabank dropped their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $82.00.

Shell 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.