Quilter Plc acquired a new stake in Shell plc (NYSE:SHEL – Get Rating) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,446 shares of the energy company’s stock, valued at approximately $321,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC purchased a new position in Shell in the 1st quarter valued at about $1,076,420,000. Dimensional Fund Advisors LP purchased a new position in Shell in the 1st quarter valued at about $1,006,050,000. Wellington Management Group LLP acquired a new stake in shares of Shell in the 1st quarter valued at about $677,739,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Shell in the 1st quarter valued at about $549,346,000. Finally, Pendal Group Ltd acquired a new stake in shares of Shell in the 1st quarter valued at about $228,638,000. 7.65% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Shell from GBX 2,850 ($34.44) to GBX 3,000 ($36.25) in a research note on Friday, July 15th. Credit Suisse Group assumed coverage on shares of Shell in a research note on Thursday, June 9th. They issued an “outperform” rating on the stock. HSBC dropped their price objective on shares of Shell from GBX 2,700 ($32.62) to GBX 2,550 ($30.81) in a research note on Wednesday, July 20th. Royal Bank of Canada increased their price objective on shares of Shell from GBX 3,100 ($37.46) to GBX 3,200 ($38.67) in a research note on Friday, July 29th. Finally, ING Group upgraded shares of Shell from a “hold” rating to a “buy” rating in a research note on Tuesday, July 12th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $2,134.13.
Shell Price Performance
Shell Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, September 19th. Shareholders of record on Friday, August 12th will be paid a $0.50 dividend. The ex-dividend date is Thursday, August 11th. This represents a $2.00 annualized dividend and a dividend yield of 3.69%. Shell’s payout ratio is currently 21.05%.
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 necessary to deliver gas to market.
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