Apollon Wealth Management LLC Has $1.45 Million Stock Position in Shell plc (NYSE:SHEL)

Apollon Wealth Management LLC boosted its holdings in shares of Shell plc (NYSE:SHEL) by 14.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,030 shares of the energy company’s stock after buying an additional 2,766 shares during the period. Apollon Wealth Management LLC’s holdings in Shell were worth $1,453,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SHEL. Empyrean Capital Partners LP bought a new stake in Shell during the 2nd quarter worth about $151,578,000. Price T Rowe Associates Inc. MD grew its position in shares of Shell by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock valued at $450,180,000 after purchasing an additional 772,736 shares during the period. Raymond James & Associates grew its position in shares of Shell by 65.7% in the 2nd quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock valued at $122,579,000 after purchasing an additional 673,624 shares during the period. Senator Investment Group LP acquired a new position in shares of Shell in the 1st quarter valued at approximately $42,775,000. Finally, Mediolanum International Funds Ltd acquired a new position in shares of Shell in the 3rd quarter valued at approximately $37,274,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SHEL shares. Wolfe Research started coverage on Shell in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Wells Fargo & Company increased their price target on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research report on Monday, August 5th. Barclays upgraded 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Shell currently has an average rating of “Buy” and an average target price of $82.00.

Shell Trading Up 0.5 %

Shares of SHEL stock opened at $65.79 on Friday. The company has a market cap of $204.75 billion, a P/E ratio of 13.54, a PEG ratio of 1.98 and a beta of 0.56. The stock has a 50 day simple moving average of $67.41 and a two-hundred day simple moving average of $70.23. 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 plc has a fifty-two week low of $60.34 and a fifty-two week high of $74.61.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be given 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 dividend yield of 4.18%. 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.