Mediolanum International Funds Ltd Invests $37.27 Million in Shell plc (NYSE:SHEL)

Mediolanum International Funds Ltd bought a new stake in shares of Shell plc (NYSE:SHEL) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 565,189 shares of the energy company’s stock, valued at approximately $37,274,000.

Several other institutional investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in shares of Shell by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company’s stock worth $1,640,082,000 after buying an additional 96,549 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Shell by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock worth $450,180,000 after acquiring an additional 772,736 shares during the last quarter. Westwood Global Investments LLC lifted its holdings in shares of Shell by 4.1% in the 2nd quarter. Westwood Global Investments LLC now owns 2,546,523 shares of the energy company’s stock worth $183,808,000 after acquiring an additional 100,379 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Shell by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,248,366 shares of the energy company’s stock worth $162,287,000 after acquiring an additional 136,139 shares during the last quarter. Finally, Mondrian Investment Partners LTD lifted its holdings in shares of Shell by 83.2% in the 1st quarter. Mondrian Investment Partners LTD now owns 2,187,872 shares of the energy company’s stock worth $146,675,000 after acquiring an additional 993,342 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Scotiabank decreased their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Citigroup upgraded shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Wolfe Research assumed coverage on shares of Shell in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Wells Fargo & Company lifted their price objective on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $82.00.

Shell Price Performance

NYSE:SHEL traded up $0.66 during trading hours on Friday, reaching $67.07. 1,047,941 shares of the company were exchanged, compared to its average volume of 4,125,226. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The stock’s 50-day moving average is $68.74 and its 200-day moving average is $70.76. The firm has a market cap of $212.08 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.85 and a beta of 0.56. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. The company had revenue of $75.06 billion during the quarter, compared to analysts’ expectations of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same period in the prior year, the business posted $1.50 earnings per share. On average, sell-side analysts anticipate that Shell plc will post 8.45 earnings per share for the current fiscal year.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were issued a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date was Friday, August 16th. Shell’s payout ratio is 50.74%.

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.