Shell plc (NYSE:SHEL) Shares Sold by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. lessened its holdings in shares of Shell plc (NYSE:SHEL) by 18.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 260,000 shares of the energy company’s stock after selling 60,000 shares during the quarter. Shell comprises about 1.6% of Nicola Wealth Management LTD.’s holdings, making the stock its 27th biggest holding. Nicola Wealth Management LTD.’s holdings in Shell were worth $17,147,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. raised its holdings in Shell by 1.3% in the second quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock valued at $801,000 after acquiring an additional 142 shares in the last quarter. Lester Murray Antman dba SimplyRich grew its position in Shell by 0.6% in the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 26,901 shares of the energy company’s stock valued at $1,941,000 after buying an additional 158 shares during the last quarter. Procyon Advisors LLC grew its position in Shell by 3.2% in the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock valued at $335,000 after buying an additional 159 shares during the last quarter. Sax Wealth Advisors LLC boosted its position in shares of Shell by 4.1% during the 2nd quarter. Sax Wealth Advisors LLC now owns 4,086 shares of the energy company’s stock worth $295,000 after purchasing an additional 162 shares in the last quarter. 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 worth $37,000 after purchasing an additional 163 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Performance

Shares of NYSE:SHEL traded up $0.46 during trading on Thursday, hitting $65.94. 1,436,129 shares of the stock were exchanged, compared to its average volume of 4,223,738. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61. The company has a market capitalization of $205.21 billion, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 1.98 and a beta of 0.56. The company’s fifty day simple moving average is $67.41 and its 200-day simple moving average is $70.23. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be paid a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio is 56.58%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SHEL. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Wolfe Research began coverage on Shell in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Scotiabank dropped their price target 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. Finally, Royal Bank of Canada raised Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target 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.