Wrapmanager Inc. Buys 755 Shares of Shell plc (NYSE:SHEL)

Wrapmanager Inc. lifted its position in shares of Shell plc (NYSE:SHEL) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,895 shares of the energy company’s stock after acquiring an additional 755 shares during the quarter. Wrapmanager Inc.’s holdings in Shell were worth $651,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its stake in shares of Shell by 29.1% in the third quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock worth $1,872,666,000 after purchasing an additional 6,554,340 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Shell by 2.1% during the fourth quarter. Fisher Asset Management LLC now owns 22,871,131 shares of the energy company’s stock worth $1,504,920,000 after acquiring an additional 477,432 shares during the last quarter. Morgan Stanley boosted its holdings in Shell by 4.3% in the third quarter. Morgan Stanley now owns 9,356,191 shares of the energy company’s stock valued at $602,352,000 after acquiring an additional 384,967 shares during the last quarter. Wellington Management Group LLP raised its holdings in Shell by 10.7% during the 3rd quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock worth $562,866,000 after purchasing an additional 848,104 shares during the last quarter. Finally, Pzena Investment Management LLC lifted its position in shares of Shell by 1.6% in the 3rd quarter. Pzena Investment Management LLC now owns 3,939,739 shares of the energy company’s stock worth $253,640,000 after purchasing an additional 61,583 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Up 1.3 %

Shares of SHEL stock traded up $0.92 on Thursday, reaching $73.55. 4,172,991 shares of the company were exchanged, compared to its average volume of 4,653,999. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.14. The company has a 50-day moving average of $69.23 and a 200-day moving average of $66.18. The company has a market cap of $236.66 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 1.70 and a beta of 0.59. Shell plc has a one year low of $55.78 and a one year high of $73.94.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, May 17th will be paid a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from Shell’s previous quarterly dividend of $0.66. Shell’s dividend payout ratio (DPR) is 50.74%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SHEL shares. TD Securities lifted their target price on shares of Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. TheStreet raised Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th. Finally, Wells Fargo & Company raised their target price on Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Shell presently has an average rating of “Moderate Buy” and a consensus target price of $66.50.

Shell 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 to deliver gas to market.