Shell plc (NYSE:SHEL) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its position in shares of Shell plc (NYSE:SHEL) by 0.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 714,990 shares of the energy company’s stock after buying an additional 3,136 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Shell were worth $47,154,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Adero Partners LLC acquired a new stake in Shell during the third quarter valued at approximately $202,000. Valley Wealth Managers Inc. acquired a new stake in Shell during the third quarter valued at approximately $33,000. OneDigital Investment Advisors LLC raised its stake in Shell by 2.5% during the third quarter. OneDigital Investment Advisors LLC now owns 7,889 shares of the energy company’s stock valued at $520,000 after buying an additional 196 shares in the last quarter. Schulhoff & Co. Inc. raised its stake in Shell by 2.7% during the third quarter. Schulhoff & Co. Inc. now owns 10,367 shares of the energy company’s stock valued at $684,000 after buying an additional 275 shares in the last quarter. Finally, Pinnacle Financial Partners Inc raised its position in shares of Shell by 0.3% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 143,679 shares of the energy company’s stock worth $9,476,000 after purchasing an additional 481 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Performance

Shares of NYSE SHEL opened at $66.33 on Tuesday. The stock has a fifty day moving average price of $67.33 and a two-hundred day moving average price of $70.13. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The firm has a market cap of $206.41 billion, a P/E ratio of 13.65, a PEG ratio of 1.97 and a beta of 0.56. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s payout ratio is currently 56.58%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SHEL. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research report on Monday, August 5th. Citigroup upgraded Shell to a “hold” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Scotiabank dropped their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Finally, Barclays raised 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Shell currently has a consensus rating of “Buy” and an average target price of $82.00.

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.