Financial Counselors Inc. Purchases 363 Shares of Shell plc (NYSE:SHEL)

Financial Counselors Inc. boosted its position in Shell plc (NYSE:SHEL) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,088 shares of the energy company’s stock after purchasing an additional 363 shares during the period. Financial Counselors Inc.’s holdings in Shell were worth $1,523,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SHEL. Fiduciary Trust Co lifted its holdings in shares of Shell by 12.6% during the third quarter. Fiduciary Trust Co now owns 66,760 shares of the energy company’s stock worth $4,403,000 after purchasing an additional 7,466 shares during the period. CreativeOne Wealth LLC raised its position in Shell by 5.3% during the 3rd quarter. CreativeOne Wealth LLC now owns 8,324 shares of the energy company’s stock worth $549,000 after purchasing an additional 417 shares during the last quarter. Bridgewater Associates LP bought a new stake in shares of Shell in the 3rd quarter valued at about $8,784,000. Brooklyn Investment Group bought a new position in shares of Shell during the third quarter worth about $35,000. Finally, FMR LLC lifted its stake in shares of Shell by 5.2% in the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock worth $4,306,465,000 after acquiring an additional 3,255,347 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on SHEL shares. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. Barclays upgraded Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company upped their target price on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. Three equities research 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 company. Based on data from MarketBeat, Shell has an average rating of “Buy” and an average target price of $82.00.

Shell Trading Down 0.3 %

Shares of Shell stock opened at $64.73 on Friday. The stock has a market capitalization of $200.37 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 1.95 and a beta of 0.56. Shell plc has a 52 week low of $60.34 and a 52 week high of $74.61. The stock has a 50 day moving average price of $66.89 and a two-hundred day moving average price of $69.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40.

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 issued a dividend of $0.688 per share. 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 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.