Shell plc (NYSE:SHEL – Get Rating) announced a quarterly dividend on Thursday, February 2nd, Zacks reports. Stockholders of record on Friday, February 17th will be given a dividend of 0.575 per share by the energy company on Monday, March 27th. This represents a $2.30 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Thursday, February 16th. This is an increase from Shell's previous quarterly dividend of $0.50.
Shell Stock Up 1.2 %
NYSE SHEL opened at $58.30 on Friday. The stock has a fifty day moving average of $57.53 and a 200-day moving average of $54.59. The stock has a market capitalization of $209.72 billion, a P/E ratio of 5.11, a price-to-earnings-growth ratio of 0.63 and a beta of 0.68. Shell has a 52 week low of $44.90 and a 52 week high of $61.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.08 and a current ratio of 1.38.
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Institutional Trading of Shell
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. IHT Wealth Management LLC acquired a new stake in shares of Shell in the third quarter valued at about $235,000. Captrust Financial Advisors increased its position in shares of Shell by 20.4% in the third quarter. Captrust Financial Advisors now owns 100,708 shares of the energy company's stock valued at $5,011,000 after acquiring an additional 17,057 shares during the last quarter. Kingsview Wealth Management LLC increased its position in shares of Shell by 2.8% in the third quarter. Kingsview Wealth Management LLC now owns 14,323 shares of the energy company's stock valued at $713,000 after acquiring an additional 393 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Shell by 11.9% in the third quarter. Neuberger Berman Group LLC now owns 266,608 shares of the energy company's stock valued at $13,278,000 after acquiring an additional 28,328 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Shell by 28.7% during the third quarter. Thrivent Financial for Lutherans now owns 5,067 shares of the energy company's stock worth $254,000 after buying an additional 1,130 shares during the last quarter. Institutional investors and hedge funds own 7.74% of the company's stock.
Wall Street Analysts Forecast Growth
SHEL has been the subject of several research reports. Morgan Stanley cut Shell from an "overweight" rating to an "equal weight" rating in a research note on Monday, January 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Shell from GBX 2,761 ($34.10) to GBX 2,987 ($36.89) in a research note on Tuesday, December 6th. The Goldman Sachs Group cut Shell from a "buy" rating to a "neutral" rating in a research note on Sunday, November 6th. Wolfe Research cut Shell from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 12th. Finally, JPMorgan Chase & Co. lifted their price objective on Shell from GBX 2,900 ($35.82) to GBX 2,950 ($36.43) in a research note on Friday, December 2nd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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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