Shell plc (NYSE:SHEL) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 13.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,301,731 shares of the energy company's stock after selling 195,365 shares during the quarter. Natixis Advisors LLC's holdings in Shell were worth $85,849,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in Shell by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company's stock valued at $1,640,082,000 after purchasing an additional 96,549 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Shell by 13.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company's stock valued at $450,180,000 after purchasing an additional 772,736 shares during the period. Westwood Global Investments LLC boosted its holdings in shares of Shell by 4.1% in the second quarter. Westwood Global Investments LLC now owns 2,546,523 shares of the energy company's stock valued at $183,808,000 after acquiring an additional 100,379 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Shell by 6.4% in the second quarter. Envestnet Asset Management Inc. now owns 2,248,366 shares of the energy company's stock valued at $162,287,000 after acquiring an additional 136,139 shares in the last quarter. Finally, Empyrean Capital Partners LP purchased a new stake in shares of Shell in the second quarter valued at about $151,578,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Price Performance

SHEL traded up $0.36 during midday trading on Friday, reaching $65.47. 4,349,310 shares of the company's stock were exchanged, compared to its average volume of 4,958,231. The business's 50-day moving average price is $67.33 and its 200 day moving average price is $70.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The stock has a market capitalization of $203.75 billion, a PE ratio of 13.47, a P/E/G ratio of 1.97 and a beta of 0.56. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be given a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Friday, November 15th. Shell's dividend payout ratio is presently 56.58%.

Analyst Ratings Changes

SHEL has been the topic of several analyst reports. Scotiabank lowered their target price on shares of Shell from $90.00 to $80.00 and set a "sector outperform" rating on the stock in a report on Thursday, October 10th. Citigroup raised shares of Shell to a "hold" rating in a report on Wednesday, October 2nd. Sanford C. Bernstein raised shares of Shell to a "strong-buy" rating in a report on Friday, October 11th. Barclays raised shares of Shell to a "strong-buy" rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Shell from $84.00 to $88.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target 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.