Capricorn Fund Managers Ltd Purchases New Stake in Shell plc (NYSE:SHEL)

Financial News Live · Aug 13, 2022 04:31

Capricorn Fund Managers Ltd bought a new stake in Shell plc (NYSE:SHEL – Get Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 235,001 shares of the energy company's stock, valued at approximately $12,909,000. Shell makes up approximately 3.1% of Capricorn Fund Managers Ltd's investment portfolio, making the stock its 6th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Level Four Advisory Services LLC bought a new stake in Shell during the 1st quarter valued at approximately $1,273,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in Shell in the 1st quarter valued at approximately $812,000. BKD Wealth Advisors LLC acquired a new position in Shell in the 1st quarter valued at approximately $332,000. Boston Partners acquired a new position in shares of Shell in the 1st quarter worth approximately $70,982,000. Finally, Wulff Hansen & CO. acquired a new position in shares of Shell in the 1st quarter worth approximately $283,000. Hedge funds and other institutional investors own 11.72% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms recently weighed in on SHEL. Deutsche Bank Aktiengesellschaft raised their price target on Shell from GBX 2,551 ($30.82) to GBX 2,779 ($33.58) in a report on Wednesday, July 6th. ING Group upgraded Shell from a "hold" rating to a "buy" rating in a research report on Tuesday, July 12th. JPMorgan Chase & Co. increased their price objective on Shell from GBX 2,850 ($34.44) to GBX 3,000 ($36.25) in a research report on Friday, July 15th. Credit Suisse Group began coverage on Shell in a research report on Thursday, June 9th. They issued an "outperform" rating on the stock. Finally, UBS Group raised their price target on Shell from GBX 2,450 ($29.60) to GBX 2,550 ($30.81) in a research report on Friday, May 6th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $2,134.13.

Shell Stock Performance

Shell stock traded down $0.33 during midday trading on Friday, reaching $53.60. 65,474 shares of the company's stock were exchanged, compared to its average volume of 4,224,694. Shell plc has a 52 week low of $44.90 and a 52 week high of $61.67. The firm has a market cap of $205.02 billion, a price-to-earnings ratio of 5.68, a P/E/G ratio of 0.51 and a beta of 0.68. The stock's 50-day simple moving average is $52.02 and its 200 day simple moving average is $53.74. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.39.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 19th. Investors of record on Friday, August 12th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Thursday, August 11th. Shell's dividend payout ratio (DPR) is currently 21.05%.

About Shell

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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.

Capricorn Fund Managers Ltd Purchases New Stake in Shell plc (NYSE:SHEL)

Wall Street Analyst Weigh In

Shell Stock Performance

Shell Announces Dividend

About Shell

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