Paradigm Asset Management Co. LLC Sells 87,652 Shares of Shell plc (NYSE:SHEL)

Paradigm Asset Management Co. LLC cut its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 98.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,118 shares of the energy company's stock after selling 87,652 shares during the period. Paradigm Asset Management Co. LLC's holdings in Shell were worth $74,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SHEL. Rakuten Securities Inc. boosted its holdings in Shell by 567.0% during the third quarter. Rakuten Securities Inc. now owns 627 shares of the energy company's stock valued at $41,000 after acquiring an additional 533 shares during the period. Apollon Wealth Management LLC boosted its holdings in Shell by 14.4% during the third quarter. Apollon Wealth Management LLC now owns 22,030 shares of the energy company's stock valued at $1,453,000 after acquiring an additional 2,766 shares during the period. Nations Financial Group Inc. IA ADV raised its position in shares of Shell by 8.3% during the third quarter. Nations Financial Group Inc. IA ADV now owns 3,209 shares of the energy company's stock valued at $212,000 after buying an additional 247 shares during the last quarter. Peregrine Asset Advisers Inc. raised its position in shares of Shell by 19.8% during the third quarter. Peregrine Asset Advisers Inc. now owns 6,819 shares of the energy company's stock valued at $450,000 after buying an additional 1,125 shares during the last quarter. Finally, Meritage Portfolio Management raised its position in Shell by 41.5% in the third quarter. Meritage Portfolio Management now owns 68,954 shares of the energy company's stock worth $4,548,000 after purchasing an additional 20,212 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Stock Performance

Shares of SHEL traded up $0.11 during midday trading on Wednesday, reaching $65.68. The stock had a trading volume of 4,254,790 shares, compared to its average volume of 4,228,726. The firm has a 50 day simple moving average of $67.47 and a 200-day simple moving average of $70.27. Shell plc has a one year low of $60.34 and a one year high of $74.61. The firm has a market cap of $204.41 billion, a PE ratio of 13.34, a P/E/G ratio of 1.98 and a beta of 0.56. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

Shell Dividend Announcement

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 4.19%. The ex-dividend date is Friday, November 15th. Shell's dividend payout ratio (DPR) is presently 56.58%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Berenberg Bank raised shares of Shell to a "strong-buy" rating in a research note on Monday, August 5th. Barclays raised shares of Shell to a "strong-buy" rating in a research report on Wednesday, October 2nd. Wolfe Research started coverage on shares of Shell in a research report on Thursday, July 18th. They set a "peer perform" rating on the stock. Citigroup upgraded shares of Shell to a "hold" rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada upgraded shares of Shell to a "moderate buy" rating in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $82.00.

About Shell

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.