Janney Capital Management LLC Sells 1,806 Shares of Shell plc (NYSE:SHEL)

Janney Capital Management LLC decreased its holdings in Shell plc (NYSE:SHEL) by 1.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 127,814 shares of the energy company’s stock after selling 1,806 shares during the period. Janney Capital Management LLC’s holdings in Shell were worth $8,429,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SHEL. NorthCrest Asset Manangement LLC grew its stake in shares of Shell by 6.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock valued at $247,000 after buying an additional 225 shares during the last quarter. Lazard Asset Management LLC increased its stake in Shell by 21.0% in the 1st quarter. Lazard Asset Management LLC now owns 44,896 shares of the energy company’s stock worth $3,009,000 after purchasing an additional 7,779 shares during the period. Creative Planning boosted its stake in shares of Shell by 11.3% during the second quarter. Creative Planning now owns 292,587 shares of the energy company’s stock valued at $21,119,000 after purchasing an additional 29,677 shares during the period. Raymond James & Associates grew its holdings in shares of Shell by 65.7% in the second quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock worth $122,579,000 after purchasing an additional 673,624 shares during the last quarter. Finally, Foresight Global Investors Inc. bought a new stake in Shell during the 2nd quarter valued at $1,472,000. Institutional investors own 28.60% of the company’s stock.

Shell Trading Down 0.1 %

NYSE SHEL opened at $67.49 on Friday. The stock’s 50 day moving average is $68.08 and its 200 day moving average is $70.52. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $210.04 billion, a PE ratio of 13.89, a P/E/G ratio of 1.86 and a beta of 0.56. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61.

Shell (NYSE:SHEL) last released its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. Shell had a net margin of 5.17% and a return on equity of 14.57%. The firm had revenue of $75.06 billion for the quarter, compared to the consensus estimate of $88.62 billion. During the same period in the prior year, the firm earned $1.50 EPS. Research analysts forecast that Shell plc will post 8.45 earnings per share for the current fiscal year.

Shell Dividend Announcement

The firm 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 dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio is 56.58%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SHEL shares. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Wolfe Research began coverage on Shell in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Berenberg Bank upgraded Shell to a “strong-buy” rating in a report on Monday, August 5th. Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. Three investment 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. According to data from MarketBeat, the stock has an average rating of “Buy” and an average 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.