AQR Capital Management LLC Has $1.57 Million Position in Shell plc (NYSE:SHEL)

AQR Capital Management LLC raised its holdings in shares of Shell plc (NYSE:SHEL) by 42.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,701 shares of the energy company’s stock after buying an additional 6,495 shares during the quarter. AQR Capital Management LLC’s holdings in Shell were worth $1,566,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Mondrian Investment Partners LTD raised its stake in shares of Shell by 83.2% in the first quarter. Mondrian Investment Partners LTD now owns 2,187,872 shares of the energy company’s stock valued at $146,675,000 after purchasing an additional 993,342 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Shell by 13.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock worth $450,180,000 after purchasing an additional 772,736 shares during the period. Raymond James & Associates raised its position in shares of Shell by 65.7% during the second quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock worth $122,579,000 after purchasing an additional 673,624 shares during the period. Senator Investment Group LP acquired a new stake in shares of Shell in the first quarter valued at approximately $42,775,000. Finally, 1832 Asset Management L.P. increased its holdings in shares of Shell by 184.1% in the second quarter. 1832 Asset Management L.P. now owns 705,771 shares of the energy company’s stock valued at $50,943,000 after purchasing an additional 457,344 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Performance

Shares of SHEL stock opened at $68.83 on Friday. The firm has a market capitalization of $217.64 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 1.56 and a beta of 0.56. The firm has a fifty day simple moving average of $69.64 and a two-hundred day simple moving average of $70.86. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. Shell plc has a 12 month low of $60.34 and a 12 month high of $74.61.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.15. The firm had revenue of $75.06 billion during the quarter, compared to analyst estimates of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same quarter in the prior year, the business posted $1.50 EPS. Analysts forecast that Shell plc will post 8.44 EPS for the current fiscal year.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were issued a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend was Friday, August 16th. Shell’s dividend payout ratio (DPR) is presently 50.74%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SHEL. Citigroup upgraded shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Wells Fargo & Company lifted 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. Wolfe Research initiated coverage on shares of Shell in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Berenberg Bank upgraded shares of 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 assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.00.

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.