Crossmark Global Holdings Inc. Increases Stock Position in Shell plc (NYSE:SHEL)

Crossmark Global Holdings Inc. lifted its position in Shell plc (NYSE:SHEL) by 60.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 394,592 shares of the energy company’s stock after purchasing an additional 148,823 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Shell were worth $24,721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Fairscale Capital LLC bought a new position in shares of Shell in the 2nd quarter worth approximately $33,000. Fortitude Family Office LLC bought a new stake in Shell during the 3rd quarter worth approximately $30,000. Valley Wealth Managers Inc. bought a new position in Shell in the 3rd quarter worth approximately $33,000. Brooklyn Investment Group bought a new position in shares of Shell in the 3rd quarter valued at about $35,000. Finally, GHP Investment Advisors Inc. lifted its position in shares of Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after purchasing an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Friday, January 3rd. Citigroup raised Shell to a “hold” rating in a report on Wednesday, October 2nd. Scotiabank decreased their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $79.69.

Shell Stock Up 0.4 %

Shares of NYSE:SHEL opened at $66.74 on Tuesday. Shell plc has a one year low of $60.15 and a one year high of $74.61. The stock has a market cap of $204.04 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 5.96 and a beta of 0.55. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The company has a 50 day moving average of $64.19 and a 200-day moving average of $67.74.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were issued a $0.688 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.75 annualized dividend and a yield of 4.12%. Shell’s dividend payout ratio is presently 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.