Advisors Management Group Inc. ADV Has $2.59 Million Stock Holdings in Shell plc (NYSE:SHEL)

Advisors Management Group Inc. ADV reduced its holdings in Shell plc (NYSE:SHEL) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,194 shares of the energy company’s stock after selling 265 shares during the period. Advisors Management Group Inc. ADV’s holdings in Shell were worth $2,585,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SHEL. Hobbs Group Advisors LLC acquired a new position in Shell in the 2nd quarter valued at approximately $26,000. Fortitude Family Office LLC acquired a new position in shares of Shell in the third quarter valued at $30,000. Triad Wealth Partners LLC acquired a new stake in Shell during the second quarter worth $31,000. Fairscale Capital LLC acquired a new position in shares of Shell in the 2nd quarter valued at $33,000. Finally, GHP Investment Advisors Inc. boosted its position 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 acquiring an additional 163 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

SHEL has been the subject of a number of analyst reports. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Barclays upgraded Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Scotiabank lowered their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, Citigroup raised shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $82.00.

Shell Stock Up 0.2 %

NYSE:SHEL opened at $68.36 on Thursday. The stock’s fifty day moving average price is $67.81 and its two-hundred day moving average price is $70.45. 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 52-week low of $60.34 and a 52-week high of $74.61. The company has a market cap of $212.75 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 2.04 and a beta of 0.56.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be issued a dividend of $0.688 per share. 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 presently 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.