Shell plc (NYSE:SHEL) Stake Boosted by Hilltop National Bank

Hilltop National Bank lifted its holdings in Shell plc (NYSE:SHEL) by 11.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 21,652 shares of the energy company’s stock after purchasing an additional 2,299 shares during the period. Hilltop National Bank’s holdings in Shell were worth $1,356,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of SHEL. FMR LLC raised its stake in shares of 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 in the last quarter. Empyrean Capital Partners LP bought a new stake in Shell during the second quarter worth approximately $151,578,000. Jennison Associates LLC lifted its position in Shell by 188.0% in the third quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock worth $198,786,000 after purchasing an additional 1,967,672 shares during the period. Holocene Advisors LP increased its position in shares of Shell by 29.8% during the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock valued at $248,870,000 after purchasing an additional 866,954 shares during the period. Finally, Mediolanum International Funds Ltd acquired a new stake in shares of Shell in the third quarter valued at $37,274,000. Institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

SHEL has been the topic of several research reports. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday. Piper Sandler decreased their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Barclays raised Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Citigroup raised Shell to a “hold” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $79.69.

Shell Price Performance

Shares of SHEL traded down $0.06 on Friday, hitting $64.66. The company’s stock had a trading volume of 2,027,286 shares, compared to its average volume of 4,282,798. The company has a 50 day moving average price of $64.43 and a 200 day moving average price of $68.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The company has a market capitalization of $198.97 billion, a PE ratio of 13.30, a PEG ratio of 4.84 and a beta of 0.55.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were paid a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a dividend yield of 4.26%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio (DPR) is presently 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.