Mount Yale Investment Advisors LLC Sells 20,661 Shares of Shell plc (NYSE:SHEL)

Mount Yale Investment Advisors LLC decreased its position in Shell plc (NYSE:SHEL - Free Report) by 63.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,851 shares of the energy company's stock after selling 20,661 shares during the quarter. Mount Yale Investment Advisors LLC's holdings in Shell were worth $782,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brookstone Capital Management increased its holdings in shares of Shell by 22.1% during the first quarter. Brookstone Capital Management now owns 13,038 shares of the energy company's stock valued at $874,000 after acquiring an additional 2,358 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its stake in shares of Shell by 10.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 7,759 shares of the energy company's stock worth $520,000 after buying an additional 759 shares in the last quarter. Kathmere Capital Management LLC grew its holdings in shares of Shell by 10.4% during the first quarter. Kathmere Capital Management LLC now owns 3,604 shares of the energy company's stock valued at $242,000 after buying an additional 340 shares during the last quarter. Symphony Financial Ltd. Co. purchased a new position in Shell in the 1st quarter worth approximately $206,000. Finally, Founders Financial Securities LLC bought a new position in Shell in the 1st quarter valued at approximately $733,000. Hedge funds and other institutional investors own 28.60% of the company's stock.

Shell Stock Performance

Shell stock traded up $0.44 during midday trading on Friday, hitting $66.85. The stock had a trading volume of 3,356,355 shares, compared to its average volume of 4,136,364. The firm's fifty day moving average is $68.62 and its two-hundred day moving average is $70.71. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $211.38 billion, a PE ratio of 12.33, a P/E/G ratio of 1.85 and a beta of 0.56. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61.

Shell (NYSE:SHEL - Get Free Report) last issued its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.15. The company had revenue of $75.06 billion during the quarter, compared to the consensus estimate 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 firm posted $1.50 EPS. On average, research analysts forecast that Shell plc will post 8.45 EPS for the current year.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were paid a $0.688 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.75 annualized dividend and a yield of 4.12%. Shell's payout ratio is 50.74%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SHEL shares. Scotiabank lowered their price target on Shell from $90.00 to $80.00 and set a "sector outperform" rating on the stock in a report on Thursday, October 10th. Royal Bank of Canada upgraded shares of Shell to a "moderate buy" rating in a research note on Tuesday, July 30th. Citigroup upgraded shares of Shell to a "hold" rating in a report on Wednesday, October 2nd. Berenberg Bank raised Shell to a "strong-buy" rating in a report on Monday, August 5th. Finally, Barclays raised Shell to a "strong-buy" rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock 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.