533 Shares in Shell plc (NYSE:SHEL) Acquired by Brooklyn Investment Group

Brooklyn Investment Group purchased a new stake in shares of Shell plc (NYSE:SHEL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 533 shares of the energy company’s stock, valued at approximately $35,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in Shell by 5.2% during the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after purchasing an additional 3,255,347 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in Shell by 1.6% during the third quarter. Brown Brothers Harriman & Co. now owns 85,626 shares of the energy company’s stock valued at $5,647,000 after purchasing an additional 1,333 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Shell during the third quarter valued at approximately $2,305,000. Davis R M Inc. boosted its position in shares of Shell by 64.1% in the third quarter. Davis R M Inc. now owns 10,040 shares of the energy company’s stock valued at $662,000 after acquiring an additional 3,920 shares during the period. Finally, Fisher Asset Management LLC boosted its position in shares of Shell by 2.1% in the third quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock valued at $1,617,796,000 after acquiring an additional 507,311 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SHEL. Berenberg Bank raised Shell to a “strong-buy” rating in a research report on Monday, August 5th. Wells Fargo & Company increased their price objective on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Citigroup raised Shell to a “hold” rating in a research report on Wednesday, October 2nd. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Sanford C. Bernstein raised Shell to a “strong-buy” rating in a report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $82.00.

Shell Trading Down 0.3 %

Shares of SHEL stock opened at $64.73 on Friday. The stock has a 50-day moving average of $66.89 and a 200-day moving average of $69.64. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61. The stock has a market cap of $200.37 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 1.95 and a beta of 0.56. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be issued a $0.688 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 annualized dividend and a yield of 4.25%. Shell’s payout ratio is currently 56.58%.

About Shell

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.