Shell plc (NYSE:SHEL) Shares Sold by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. decreased its holdings in shares of Shell plc (NYSE:SHEL) by 1.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,591 shares of the energy company’s stock after selling 884 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Shell were worth $3,468,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SHEL. United Community Bank raised its position in shares of Shell by 4.4% in the 1st quarter. United Community Bank now owns 3,315 shares of the energy company’s stock worth $222,000 after buying an additional 139 shares during the period. First Horizon Advisors Inc. raised its position in shares of Shell by 1.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock worth $801,000 after buying an additional 142 shares during the period. Lester Murray Antman dba SimplyRich raised its position in shares of Shell by 0.6% in the 1st quarter. Lester Murray Antman dba SimplyRich now owns 26,743 shares of the energy company’s stock worth $1,793,000 after buying an additional 153 shares during the period. Procyon Advisors LLC raised its position 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 worth $335,000 after buying an additional 159 shares during the period. Finally, Sax Wealth Advisors LLC raised its position 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 purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Down 0.1 %

NYSE:SHEL opened at $67.50 on Friday. The company has a market capitalization of $210.07 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 1.81 and a beta of 0.56. Shell plc has a one year low of $60.34 and a one year high of $74.61. The stock has a 50-day simple moving average of $68.08 and a 200 day simple moving average of $70.52. 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 (NYSE:SHEL) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. The business had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same period last year, the firm earned $1.50 earnings per share. Sell-side analysts predict that Shell plc will post 8.45 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be paid a $0.688 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.08%. Shell’s payout ratio is currently 56.58%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SHEL shares. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Berenberg Bank raised Shell to a “strong-buy” rating in a research report on Monday, August 5th. Scotiabank dropped their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Finally, Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus 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.