By otakuyassine3@gmail.com 
CHICAGO TRUST Co NA trimmed its position in Shell plc (NYSE:SHEL – Free Report) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,069 shares of the energy company’s stock after selling 1,305 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Shell were worth $2,573,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Shell by 5.2% in the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after purchasing an additional 3,255,347 shares during the period. Fisher Asset Management LLC lifted its position in shares of Shell by 2.1% during the third quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock valued at $1,617,796,000 after buying an additional 507,311 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Shell by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company’s stock valued at $1,640,082,000 after buying an additional 96,549 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Shell by 0.9% during the third quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock valued at $408,430,000 after buying an additional 55,637 shares during the last quarter. Finally, Mawer Investment Management Ltd. lifted its position in shares of Shell by 8.7% during the third quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock valued at $348,405,000 after buying an additional 422,329 shares during the last quarter. 28.60% of the stock is owned by institutional investors.
Analyst Ratings Changes
SHEL has been the subject of several research analyst reports. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Friday, January 3rd. Citigroup raised shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company reduced their price target on shares of Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research report on Friday. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Finally, UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Shell presently has a consensus rating of “Buy” and an average target price of $79.69.
Get Our Latest Stock Report on SHEL
Shell Trading Up 0.5 %
Shares of NYSE SHEL traded up $0.31 during trading on Monday, hitting $65.25. 1,520,450 shares of the company were exchanged, compared to its average volume of 4,222,879. The firm has a market capitalization of $200.79 billion, a PE ratio of 13.43, a P/E/G ratio of 4.84 and a beta of 0.55. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The company has a fifty day moving average price of $64.38 and a 200-day moving average price of $68.01. 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 Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were given a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 4.22%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio is currently 56.58%.
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.
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