Heritage Investors Management Corp Has $6.28 Million Position in Shell plc (NYSE:SHEL)

Heritage Investors Management Corp reduced its stake in shares of Shell plc (NYSE:SHEL) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 95,178 shares of the energy company’s stock after selling 1,194 shares during the period. Heritage Investors Management Corp’s holdings in Shell were worth $6,277,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of SHEL. Hobbs Group Advisors LLC bought a new stake in Shell during the second quarter worth about $26,000. Fortitude Family Office LLC bought a new stake in Shell in the 3rd quarter valued at $30,000. Triad Wealth Partners LLC bought a new stake in Shell in the 2nd quarter valued at about $31,000. Fairscale Capital LLC acquired a new stake in Shell during the second quarter worth approximately $33,000. Finally, GHP Investment Advisors Inc. increased its holdings in Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after buying an additional 163 shares during the period. Institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Scotiabank dropped their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Citigroup raised shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Barclays upgraded shares of Shell to a “strong-buy” rating in a research note 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 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 issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Shell presently has an average rating of “Buy” and an average target price of $82.00.

Shell Stock Performance

Shares of SHEL stock traded up $0.58 on Tuesday, hitting $68.32. 346,756 shares of the stock were exchanged, compared to its average volume of 4,176,163. Shell plc has a one year low of $60.34 and a one year high of $74.61. The firm has a market capitalization of $212.62 billion, a PE ratio of 13.94, a P/E/G ratio of 1.86 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. The firm’s 50 day moving average is $67.97 and its two-hundred day moving average is $70.49.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be issued a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Friday, November 15th. Shell’s payout ratio is 56.58%.

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.