13,319 Shares in Shell plc (NYSE:SHEL) Purchased by Navellier & Associates Inc.

Navellier & Associates Inc. acquired a new position in Shell plc (NYSE:SHELGet Rating) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,319 shares of the energy company’s stock, valued at approximately $696,000.

Several other institutional investors have also bought and sold shares of the stock. Orion Capital Management LLC raised its position in Shell by 137.7% in the second quarter. Orion Capital Management LLC now owns 863 shares of the energy company’s stock worth $45,000 after acquiring an additional 500 shares in the last quarter. Profund Advisors LLC acquired a new stake in Shell during the 1st quarter worth about $883,000. Toronto Dominion Bank acquired a new stake in Shell during the 1st quarter worth about $206,000. Qube Research & Technologies Ltd acquired a new stake in Shell during the 1st quarter worth about $1,572,000. Finally, Bahl & Gaynor Inc. acquired a new stake in Shell during the 1st quarter worth about $1,475,000. Institutional investors and hedge funds own 7.65% of the company’s stock.

Shell Stock Performance

Shell stock traded up $0.01 during trading hours on Thursday, reaching $56.83. 3,203,577 shares of the company were exchanged, compared to its average volume of 4,859,598. The firm has a market cap of $204.43 billion, a price-to-earnings ratio of 4.96, a PEG ratio of 0.62 and a beta of 0.68. The company has a current ratio of 1.38, a quick ratio of 1.08 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average of $53.19 and a 200 day moving average of $53.52. Shell plc has a 12 month low of $44.90 and a 12 month high of $61.67.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Friday, November 11th will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $2.00 annualized dividend and a dividend yield of 3.52%. Shell’s dividend payout ratio is 17.45%.

Analysts Set New Price Targets

Several analysts have issued reports on SHEL shares. Deutsche Bank Aktiengesellschaft cut their price objective on Shell from GBX 2,779 ($32.86) to GBX 2,761 ($32.65) in a report on Friday, October 28th. Grupo Santander cut Shell from an “outperform” rating to a “neutral” rating in a research note on Monday, October 24th. The Goldman Sachs Group cut Shell from a “buy” rating to a “neutral” rating in a research note on Sunday, November 6th. Royal Bank of Canada boosted their price target on Shell from GBX 3,100 ($36.66) to GBX 3,200 ($37.84) in a research note on Friday, July 29th. Finally, JPMorgan Chase & Co. lowered their price target on Shell from GBX 3,000 ($35.47) to GBX 2,900 ($34.29) in a research note on Thursday, October 13th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $2,127.13.

Shell Profile

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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 necessary to deliver gas to market.

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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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