Sequoia Financial Advisors LLC Purchases Shares of 21,621 Shell plc (NYSE:SHEL)

Sequoia Financial Advisors LLC purchased a new stake in Shell plc (NYSE:SHELGet Rating) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,621 shares of the energy company’s stock, valued at approximately $1,188,000.

Several other hedge funds also recently added to or reduced their stakes in SHEL. Kozak & Associates Inc. purchased a new stake in Shell in the fourth quarter valued at $569,000. Park National Corp OH acquired a new position in shares of Shell in the first quarter worth about $1,721,000. Private Asset Management Inc. acquired a new position in shares of Shell in the first quarter worth about $316,000. Confluence Investment Management LLC acquired a new position in shares of Shell in the first quarter worth about $905,000. Finally, M&R Capital Management Inc. acquired a new position in shares of Shell in the first quarter worth about $101,000. 7.65% of the stock is owned by hedge funds and other institutional investors.

Shell Stock Performance

Shell stock opened at $52.16 on Friday. The firm has a 50 day simple moving average of $51.60 and a 200-day simple moving average of $53.85. Shell plc has a 1-year low of $44.90 and a 1-year high of $61.67. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.39 and a quick ratio of 1.09. The stock has a market cap of $199.51 billion, a price-to-earnings ratio of 5.49, a price-to-earnings-growth ratio of 0.50 and a beta of 0.66.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 19th. Stockholders of record on Friday, August 12th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $2.00 annualized dividend and a dividend yield of 3.83%. Shell’s dividend payout ratio (DPR) is 21.05%.

Analysts Set New Price Targets

A number of brokerages have weighed in on SHEL. Credit Suisse Group assumed coverage on shares of Shell in a research report on Thursday, June 9th. They issued an “outperform” rating for the company. HSBC reduced their price target on shares of Shell from GBX 2,700 ($32.62) to GBX 2,550 ($30.81) in a research report on Wednesday, July 20th. Royal Bank of Canada upped their price target on shares of Shell from GBX 3,100 ($37.46) to GBX 3,200 ($38.67) in a research report on Friday, July 29th. JPMorgan Chase & Co. upped their price target on shares of Shell from GBX 2,850 ($34.44) to GBX 3,000 ($36.25) in a research report on Friday, July 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Shell from GBX 2,551 ($30.82) to GBX 2,779 ($33.58) in a research report on Wednesday, July 6th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Shell presently has a consensus rating of “Buy” and a consensus target price of $2,134.13.

Shell 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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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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