Laidlaw Wealth Management LLC reduced its stake in Shell plc (NYSE: SHEL – Get Rating) by 35.2% in the third quarter, according to the latest Form 13F filed with the Securities and Exchange Commission (SEC). The fund owned his 8,037 shares of energy company stock after selling 4,370 of his shares during the period. Laidlaw Wealth Management LLC’s holdings in Shell were valued at $400,000 as of the most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently changed positions in SHEL. Wellington Management Group LLP bought Shell’s new position in the first quarter for $677,739,000. Arrowstreet Capital Limited Partnership purchased Shell’s new position for his $549.346 million in the first quarter. Capital Research Global Investors purchased a new position in Shell for $262.275 million in the first quarter. Royal Bank of Canada acquired new Shell shares worth approximately $197,426,000 in the first quarter. Finally, Mackenzie Financial Corp acquired new Shell stock valued at approximately $154,695,000 in the second quarter. Hedge funds and other institutional investors own his 7.74% stake in the company.
shell stock performance
Shares of SHEL opened at $62.14 on Monday. The company has a 50-day simple moving average of $59.14 and a 200-day simple moving average of $55.91. The company has a quick ratio of 1.08, a current ratio of 1.38 and a debt to equity ratio of 0.39. The company has a market capitalization of $223.54 billion, a PE ratio of 5.46, a P/E/G ratio of 0.71 and a beta of 0.65. Shell plc has a 52-week low of $44.90 and a 52-week high of $62.75.
Shell raises dividend
The company recently announced a quarterly dividend payable on Monday, March 27. Dividends of $0.575 per share will be issued to shareholders of record on Friday, February 17. This is up from Shell’s previous quarterly dividend of $0.50. This represents his $2.30 dividend and his 3.70% yield on an annualized basis. The ex-dividend date for this dividend is Thursday, February 16. Shell’s Dividend Payout Ratio (DPR) is 20.14%.
Wall Street analyst opinion
SHEL has been the topic of several research analyst reports. Morgan Stanley downgraded Shell’s stock to an “underweight” rating from an “equal-weight” rating in a research report on Thursday, February 9. Deutsche Bank Aktiengesellschaft raised its price target on Shell shares from his GBX 2,761 ($33.32) to his GBX 2,987 ($36.04) in a research report on Tuesday, December 6. Berenberg Bank raised its price target on Shell shares to GBX 3,000 ($36.20) from He GBX 2,900 ($34.99) in a report on Friday, Feb. 17. AlphaValue upgraded Shell’s stock to a “downgrade” rating in its research notes on Tuesday, February 28. Finally, JPMorgan Chase & Co. raised its price target on Shell stock from He GBX 2,900 ($34.99) to He GBX 2,950 ($35.60) in its research notes on Friday, Dec. 2. Two investment analysts gave the stock a sell rating, two gave a hold rating, and four gave a buy rating. According to MarketBeat.com data, the stock currently has a consensus valuation of “Hold” and a consensus target price of $2,528.38.
Shell company profile
Shell plc is an energy and petrochemical company with operations in Europe, Asia, Oceania, Africa, the United States and the rest of the Americas. The company operates in the following segments: Integrated Gas, Upstream, Marketing, Chemicals & Products, Renewable Energy & Energy Solutions. Explore and extract crude oil, natural gas and natural gas liquids. Sale and transportation of oil and gas. Produce gas-to-liquid fuels and other products. It also operates the upstream and midstream infrastructure required to bring gas to market.
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