Quadrant Capital Group LLC Has $2.34 Million Stake in Shell plc (NYSE:SHEL)

Quadrant Capital Group LLC increased its stake in Shell plc (NYSE:SHEL) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 35,529 shares of the energy company’s stock after acquiring an additional 2,365 shares during the period. Quadrant Capital Group LLC’s holdings in Shell were worth $2,338,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Shell by 29.1% during the third quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock valued at $1,872,666,000 after acquiring an additional 6,554,340 shares during the period. Invesco Ltd. raised its holdings in Shell by 162.9% during the 3rd quarter. Invesco Ltd. now owns 1,763,562 shares of the energy company’s stock worth $113,538,000 after purchasing an additional 1,092,670 shares during the last quarter. Mawer Investment Management Ltd. lifted its position in Shell by 19.9% during the 4th quarter. Mawer Investment Management Ltd. now owns 5,325,276 shares of the energy company’s stock valued at $350,403,000 after purchasing an additional 885,069 shares during the period. Wellington Management Group LLP grew its position in shares of Shell by 10.7% during the 3rd quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock worth $562,866,000 after buying an additional 848,104 shares during the period. Finally, L1 Capital Pty Ltd raised its stake in shares of Shell by 188.7% during the third quarter. L1 Capital Pty Ltd now owns 1,224,617 shares of the energy company’s stock worth $78,841,000 after buying an additional 800,365 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Up 0.2 %

Shares of SHEL traded up $0.15 on Friday, hitting $71.89. The company’s stock had a trading volume of 3,250,352 shares, compared to its average volume of 4,629,545. The company has a quick ratio of 1.14, a current ratio of 1.42 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $229.71 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 1.89 and a beta of 0.59. The firm’s fifty day moving average price is $70.23 and its 200-day moving average price is $66.42. Shell plc has a fifty-two week low of $55.78 and a fifty-two week high of $74.61.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 17th 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 3.83%. This is a positive change from Shell’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Thursday, May 16th. Shell’s dividend payout ratio (DPR) is presently 50.74%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. TheStreet upgraded Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th. Wells Fargo & Company lifted their price objective on shares of Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Finally, TD Securities upped their target price on shares of Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.50.

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.