Nicholas Hoffman & Company LLC. Sells 170 Shares of Shell plc (NYSE:SHEL)

Nicholas Hoffman & Company LLC. trimmed its stake in shares of Shell plc (NYSE:SHEL) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,602 shares of the energy company’s stock after selling 170 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Shell were worth $1,095,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC bought a new stake in shares of Shell in the second quarter valued at about $26,000. Triad Wealth Partners LLC acquired a new position in Shell during the 2nd quarter worth approximately $31,000. Fairscale Capital LLC acquired a new stake in shares of Shell in the second quarter valued at approximately $33,000. Fortitude Family Office LLC bought a new stake in shares of Shell in the third quarter worth $30,000. Finally, GHP Investment Advisors Inc. grew its position in 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 in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays upgraded shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Citigroup raised Shell to a “hold” rating in a research report on Wednesday, October 2nd. Wolfe Research initiated coverage on shares of Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Scotiabank dropped their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Finally, Wells Fargo & Company lifted their price objective on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Three research 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $82.00.

Shell Price Performance

SHEL stock opened at $65.31 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. The company has a market capitalization of $203.25 billion, a P/E ratio of 12.05, a PEG ratio of 1.84 and a beta of 0.56. The company has a fifty day moving average price of $68.49 and a 200-day moving average price of $70.66.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.15. Shell had a return on equity of 14.56% and a net margin of 5.97%. The company had revenue of $75.06 billion during the quarter, compared to analysts’ expectations of $88.62 billion. During the same quarter in the prior year, the firm posted $1.50 earnings per share. As a group, equities analysts expect that Shell plc will post 8.45 EPS for the current year.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, August 16th were paid a dividend of $0.688 per share. The ex-dividend date was Friday, August 16th. This represents a $2.75 annualized dividend and a yield of 4.21%. Shell’s dividend payout ratio is currently 50.74%.

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.