West Family Investments Inc. Purchases 858 Shares of Shell plc (NYSE:SHEL)

West Family Investments Inc. grew its position in shares of Shell plc (NYSE:SHEL) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,139 shares of the energy company’s stock after acquiring an additional 858 shares during the quarter. West Family Investments Inc.’s holdings in Shell were worth $1,328,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Shell by 7.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,658 shares of the energy company’s stock valued at $446,000 after acquiring an additional 478 shares during the last quarter. Lake Street Advisors Group LLC raised its stake in shares of Shell by 56.1% during the 1st quarter. Lake Street Advisors Group LLC now owns 12,091 shares of the energy company’s stock worth $811,000 after purchasing an additional 4,343 shares in the last quarter. Vaughan David Investments LLC IL boosted its holdings in shares of Shell by 33.5% in the 1st quarter. Vaughan David Investments LLC IL now owns 9,716 shares of the energy company’s stock valued at $651,000 after buying an additional 2,440 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Shell in the first quarter valued at $952,000. Finally, Elgethun Capital Management bought a new stake in Shell during the first quarter worth $213,000. 28.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wells Fargo & Company lifted their price objective on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Citigroup raised Shell to a “hold” rating in a research report on Wednesday, October 2nd. Barclays upgraded Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Scotiabank reduced their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $82.00.

Shell Stock Performance

Shares of NYSE SHEL opened at $65.87 on Tuesday. Shell plc has a one year low of $60.34 and a one year high of $74.61. 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 firm has a market cap of $203.90 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 1.96 and a beta of 0.56. The stock’s fifty day moving average price is $67.33 and its two-hundred day moving average price is $70.13.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be paid a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio (DPR) is 56.58%.

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 to deliver gas to market.