Pathstone Holdings LLC decreased its stake in shares of Shell plc (NYSE:SHEL - Free Report) by 24.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 197,772 shares of the energy company's stock after selling 62,765 shares during the period. Pathstone Holdings LLC's holdings in Shell were worth $13,043,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the stock. First Horizon Advisors Inc. grew its holdings in shares of Shell by 1.3% during the second quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company's stock valued at $801,000 after buying an additional 142 shares in the last quarter. Lester Murray Antman dba SimplyRich increased its stake in shares of Shell by 0.6% in the second quarter. Lester Murray Antman dba SimplyRich now owns 26,901 shares of the energy company's stock worth $1,941,000 after acquiring an additional 158 shares during the last quarter. Procyon Advisors LLC grew its stake in shares of Shell by 3.2% in the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company's stock valued at $335,000 after buying an additional 159 shares in the last quarter. Sax Wealth Advisors LLC lifted 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 acquiring an additional 162 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings in shares of Shell by 40.8% during the 3rd 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 in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages 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 research note on Thursday, October 10th. Wells Fargo & Company boosted their target price on shares of Shell from $84.00 to $88.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Barclays raised Shell to a "strong-buy" rating in a research report on Wednesday, October 2nd. Royal Bank of Canada raised Shell to a "moderate buy" rating in a research report on Tuesday, July 30th. Finally, Sanford C. Bernstein upgraded shares of Shell to a "strong-buy" rating in a research note on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Shell currently has a consensus rating of "Buy" and a consensus price target of $82.00.
Get Our Latest Research Report on Shell
Shell Stock Performance
SHEL traded up $0.76 during midday trading on Thursday, reaching $66.19. The company had a trading volume of 2,810,997 shares, compared to its average volume of 4,218,969. The business has a 50-day moving average price of $67.29 and a two-hundred day moving average price of $70.01. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. Shell plc has a 12-month low of $60.34 and a 12-month high of $74.61. The stock has a market cap of $204.89 billion, a PE ratio of 13.61, a P/E/G ratio of 1.97 and a beta of 0.56.
Shell Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be given 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 dividend yield of 4.16%. Shell's dividend payout ratio (DPR) is presently 56.58%.
Shell Company Profile
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Free Report)
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.
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