Chevy Chase Trust Holdings LLC increased its stake in Shell plc (NYSE:SHEL – Get Rating) by 10.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,543,619 shares of the energy company's stock after purchasing an additional 250,825 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.07% of Shell worth $126,571,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC increased its stake in Shell by 137.7% in the 2nd quarter. Orion Capital Management LLC now owns 863 shares of the energy company's stock worth $45,000 after purchasing an additional 500 shares in the last quarter. Bogart Wealth LLC grew its stake in Shell by 3.4% during the 2nd quarter. Bogart Wealth LLC now owns 19,912 shares of the energy company's stock valued at $1,041,000 after acquiring an additional 654 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Shell by 16.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 56,422 shares of the energy company's stock valued at $2,951,000 after acquiring an additional 7,770 shares in the last quarter. Cetera Advisors LLC grew its stake in Shell by 4.1% during the 2nd quarter. Cetera Advisors LLC now owns 80,663 shares of the energy company's stock valued at $4,218,000 after acquiring an additional 3,194 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in Shell by 1.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 19,922 shares of the energy company's stock valued at $1,042,000 after acquiring an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 7.74% of the company's stock.
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Shell Stock Performance
Shares of NYSE:SHEL opened at $57.99 on Wednesday. The business's fifty day moving average price is $57.21 and its two-hundred day moving average price is $54.08. Shell plc has a fifty-two week low of $44.90 and a fifty-two week high of $61.67. The stock has a market capitalization of $208.61 billion, a price-to-earnings ratio of 5.06, a price-to-earnings-growth ratio of 0.64 and a beta of 0.68. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.38 and a quick ratio of 1.08.
Shell (NYSE:SHEL – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The energy company reported $2.58 earnings per share for the quarter, missing analysts' consensus estimates of $2.68 by ($0.10). Shell had a net
margin of 11.56% and a return on equity of 19.72%. The company had revenue of $98.76 billion during the quarter. As a group, analysts predict that Shell plc will post 10.2 EPS for the current fiscal year.
Shell Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 19th. Shareholders of record on Friday, November 11th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date was Wednesday, November 9th. Shell's dividend payout ratio is currently 17.45%.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on SHEL shares. Wolfe Research lowered Shell from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 12th. Deutsche Bank Aktiengesellschaft boosted their target price on Shell from GBX 2,761 ($34.18) to GBX 2,987 ($36.98) in a report on Tuesday, December 6th. JPMorgan Chase & Co. boosted their target price on Shell from GBX 2,900 ($35.90) to GBX 2,950 ($36.52) in a report on Friday, December 2nd. Grupo Santander lowered Shell from an "outperform" rating to a "neutral" rating in a report on Monday, October 24th. Finally, Morgan Stanley downgraded Shell from an "overweight" rating to an "equal weight" rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Shell currently has a consensus rating of "Moderate Buy" and a consensus price target of $2,161.63.
Shell Company Profile
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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 necessary to deliver gas to market.
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