Shell plc (NYSE:SHEL) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its position in Shell plc (NYSE:SHEL - Free Report) by 17.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 60,425 shares of the energy company's stock after selling 13,026 shares during the period. Atria Investments Inc's holdings in Shell were worth $3,985,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SHEL. Allspring Global Investments Holdings LLC boosted its stake in shares of Shell by 1,293.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,898 shares of the energy company's stock valued at $462,000 after acquiring an additional 6,403 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Shell by 4.9% during the first quarter. Sei Investments Co. now owns 298,732 shares of the energy company's stock valued at $20,027,000 after acquiring an additional 13,979 shares during the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of Shell by 152.1% during the first quarter. Koshinski Asset Management Inc. now owns 18,214 shares of the energy company's stock valued at $1,221,000 after acquiring an additional 10,988 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Shell by 7.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,658 shares of the energy company's stock worth $446,000 after buying an additional 478 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in Shell by 17.6% in the 1st quarter. First Eagle Investment Management LLC now owns 373,483 shares of the energy company's stock worth $25,038,000 after buying an additional 55,783 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

Shell Stock Down 0.1 %

Shares of NYSE:SHEL traded down $0.09 during mid-day trading on Wednesday, hitting $65.48. 5,788,593 shares of the company traded hands, compared to its average volume of 4,235,698. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. The firm's 50 day simple moving average is $67.47 and its 200 day simple moving average is $70.27. 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 $203.78 billion, a P/E ratio of 13.34, a PEG ratio of 1.98 and a beta of 0.56.

Shell Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.20%. Shell's dividend payout ratio (DPR) is presently 56.58%.

Analyst Ratings Changes

A number of brokerages have issued reports on SHEL. Barclays raised Shell to a "strong-buy" rating in a research note on Wednesday, October 2nd. Wells Fargo & Company raised their price target on Shell from $84.00 to $88.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Wolfe Research started coverage on Shell in a report on Thursday, July 18th. They issued a "peer perform" rating on the stock. Sanford C. Bernstein upgraded Shell to a "strong-buy" rating in a report on Friday, October 11th. Finally, Royal Bank of Canada upgraded Shell to a "moderate buy" rating in a report on Tuesday, July 30th. Three research 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. Based on data from MarketBeat, Shell presently has an average rating of "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.