Schulhoff & Co. Inc. Has $684,000 Stake in Shell plc (NYSE:SHEL)

Schulhoff & Co. Inc. lifted its holdings in shares of Shell plc (NYSE:SHEL) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,367 shares of the energy company’s stock after purchasing an additional 275 shares during the quarter. Schulhoff & Co. Inc.’s holdings in Shell were worth $684,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SHEL. Empyrean Capital Partners LP bought a new stake in shares of Shell in the second quarter valued at about $151,578,000. Price T Rowe Associates Inc. MD lifted its stake in Shell by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock valued at $450,180,000 after acquiring an additional 772,736 shares in the last quarter. Raymond James & Associates boosted its position in Shell by 65.7% during the 2nd quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock worth $122,579,000 after acquiring an additional 673,624 shares during the last quarter. Senator Investment Group LP acquired a new stake in shares of Shell in the first quarter valued at approximately $42,775,000. Finally, Mediolanum International Funds Ltd bought a new stake in shares of Shell in the third quarter worth $37,274,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Price Performance

NYSE:SHEL opened at $65.49 on Thursday. The firm’s fifty day moving average price is $67.41 and its two-hundred day moving average price is $70.23. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The company has a market cap of $203.81 billion, a P/E ratio of 13.48, a P/E/G ratio of 1.98 and a beta of 0.56. Shell plc has a one year low of $60.34 and a one year high of $74.61.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio is presently 56.58%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wolfe Research initiated coverage on shares of Shell in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Barclays raised Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Citigroup upgraded shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $82.00.

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.