Tidal Investments LLC Grows Stock Holdings in Shell plc (NYSE:SHEL)

Tidal Investments LLC grew its holdings in Shell plc (NYSE:SHEL) by 267.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 230,027 shares of the energy company’s stock after acquiring an additional 167,502 shares during the period. Tidal Investments LLC’s holdings in Shell were worth $15,170,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Hobbs Group Advisors LLC bought a new position in Shell during the second quarter valued at approximately $26,000. Triad Wealth Partners LLC bought a new stake in Shell in the second quarter worth $31,000. Fairscale Capital LLC purchased a new position in shares of Shell in the 2nd quarter worth $33,000. Fortitude Family Office LLC purchased a new stake in shares of Shell during the 3rd quarter valued at about $30,000. Finally, Valley Wealth Managers Inc. bought a new stake in shares of Shell in the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

Shares of NYSE:SHEL traded down $0.28 on Thursday, hitting $64.25. 992,564 shares of the company were exchanged, compared to its average volume of 4,190,620. The firm has a market capitalization of $198.88 billion, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 1.94 and a beta of 0.55. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average price is $66.42 and its 200 day moving average price is $69.21. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be given a $0.688 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.28%. Shell’s dividend payout ratio (DPR) is 56.58%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SHEL shares. Scotiabank decreased their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Citigroup raised shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. Wells Fargo & Company decreased their price objective on Shell from $88.00 to $87.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Barclays upgraded shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Shell presently has an average rating of “Buy” and a consensus price target of $81.75.

Shell 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.