14,163 Shares in Shell plc (NYSE:SHEL) Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC acquired a new stake in Shell plc (NYSE:SHEL - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 14,163 shares of the energy company's stock, valued at approximately $934,000.

A number of other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its holdings in Shell by 1.3% in the second quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company's stock valued at $801,000 after acquiring an additional 142 shares during the period. Lester Murray Antman dba SimplyRich boosted its holdings in Shell by 0.6% during the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 26,901 shares of the energy company's stock valued at $1,941,000 after acquiring an additional 158 shares during the period. Procyon Advisors LLC lifted its stake in shares of Shell by 3.2% during the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company's stock worth $335,000 after purchasing an additional 159 shares during the last quarter. Sax Wealth Advisors LLC raised its stake in Shell by 4.1% in the second quarter. Sax Wealth Advisors LLC now owns 4,086 shares of the energy company's stock valued at $295,000 after buying an additional 162 shares during the last quarter. Finally, GHP Investment Advisors Inc. increased its holdings in shares of Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company's stock valued at $37,000 after purchasing an additional 163 shares during the period. Institutional investors own 28.60% of the company's stock.

Shell Price Performance

Shares of SHEL stock traded down $0.28 during mid-day trading on Monday, reaching $66.78. The company's stock had a trading volume of 3,051,277 shares, compared to its average volume of 4,208,658. 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 company has a market cap of $207.83 billion, a P/E ratio of 13.80, a PEG ratio of 2.02 and a beta of 0.56. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61. The firm's 50-day moving average is $67.64 and its two-hundred day moving average is $70.37.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.688 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.12%. Shell's dividend payout ratio (DPR) is currently 56.58%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SHEL. Scotiabank cut their price objective on Shell from $90.00 to $80.00 and set a "sector outperform" rating on the stock in a report on Thursday, October 10th. Berenberg Bank raised Shell to a "strong-buy" rating in a research note on Monday, August 5th. Citigroup upgraded Shell to a "hold" rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein raised Shell to a "strong-buy" rating in a research note on Friday, October 11th. Finally, Barclays raised Shell to a "strong-buy" rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $82.00.

Shell Company 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.