Glenmede Trust Co. NA Has $12.57 Million Holdings in Shell plc (NYSE:SHEL)

Glenmede Trust Co. NA trimmed its position in shares of Shell plc (NYSE:SHEL) by 8.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 190,581 shares of the energy company’s stock after selling 17,892 shares during the period. Glenmede Trust Co. NA’s holdings in Shell were worth $12,569,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SHEL. FMR LLC grew its position in Shell by 5.2% during 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 in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Shell by 2.1% during the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock valued at $1,617,796,000 after acquiring an additional 507,311 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Shell by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company’s stock worth $1,640,082,000 after acquiring an additional 96,549 shares during the last quarter. Mawer Investment Management Ltd. raised its holdings 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 worth $348,405,000 after acquiring an additional 422,329 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in Shell by 188.0% in the third quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock valued at $198,786,000 after purchasing an additional 1,967,672 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SHEL. Citigroup upgraded Shell to a “hold” rating in a report on Wednesday, October 2nd. Wells Fargo & Company boosted their target price on shares of Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Barclays upgraded shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Finally, Berenberg Bank raised Shell to a “strong-buy” rating in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $82.00.

Shell Trading Down 0.3 %

Shell stock opened at $64.73 on Friday. Shell plc has a 52 week low of $60.34 and a 52 week high of $74.61. 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 capitalization of $200.37 billion, a PE ratio of 13.32, a PEG ratio of 1.95 and a beta of 0.56. The business’s 50-day simple moving average is $66.89 and its 200-day simple moving average is $69.64.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.688 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.25%. Shell’s dividend payout ratio (DPR) is presently 56.58%.

About Shell

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.