Penserra Capital Management LLC purchased a new stake in shares of Shell plc (NYSE:SHEL – Get Rating) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 720 shares of the energy company’s stock, valued at approximately $35,000.
Other institutional investors have also recently made changes to their positions in the company. TD Capital Management LLC purchased a new stake in shares of Shell during the third quarter worth $27,000. Concord Wealth Partners purchased a new stake in Shell during the 2nd quarter worth about $35,000. HHM Wealth Advisors LLC boosted its stake in shares of Shell by 130.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 691 shares of the energy company’s stock valued at $36,000 after buying an additional 391 shares during the period. Godsey & Gibb Inc. acquired a new stake in Shell in the third quarter valued at approximately $36,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in Shell in the first quarter worth approximately $41,000. Institutional investors and hedge funds own 7.74% of the company’s stock.
Shell Stock Performance
Shares of Shell stock opened at $61.20 on Tuesday. The firm’s fifty day simple moving average is $58.64 and its 200-day simple moving average is $55.62. The stock has a market capitalization of $220.15 billion, a price-to-earnings ratio of 5.36, a PEG ratio of 0.69 and a beta of 0.68. Shell plc has a 12 month low of $44.90 and a 12 month high of $62.75. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.38 and a quick ratio of 1.08.
Shell Increases Dividend
Analysts Set New Price Targets
SHEL has been the subject of several recent analyst reports. Berenberg Bank lifted their price objective on shares of Shell from GBX 2,900 ($34.99) to GBX 3,000 ($36.20) in a research report on Friday, February 17th. Wolfe Research cut Shell from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 12th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Shell from GBX 2,761 ($33.32) to GBX 2,987 ($36.04) in a report on Tuesday, December 6th. The Goldman Sachs Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research report on Monday. Finally, Morgan Stanley downgraded shares of Shell from an “equal weight” rating to an “underweight” rating in a research note on Thursday, February 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $2,528.38.
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 necessary to deliver gas to market.
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