Aptus Capital Advisors LLC Reduces Position in Shell plc (NYSE:SHEL)

Aptus Capital Advisors LLC cut its holdings in shares of Shell plc (NYSE:SHEL) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,606 shares of the energy company’s stock after selling 216 shares during the period. Aptus Capital Advisors LLC’s holdings in Shell were worth $502,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in Shell by 1,293.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,898 shares of the energy company’s stock worth $462,000 after purchasing an additional 6,403 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Shell by 7.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,658 shares of the energy company’s stock worth $446,000 after purchasing an additional 478 shares during the last quarter. Blair William & Co. IL boosted its position in Shell by 2.7% in the first quarter. Blair William & Co. IL now owns 67,276 shares of the energy company’s stock worth $4,510,000 after purchasing an additional 1,759 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of Shell by 5.3% in the first quarter. Orion Portfolio Solutions LLC now owns 58,908 shares of the energy company’s stock worth $3,949,000 after buying an additional 2,977 shares during the period. Finally, TIAA Trust National Association raised its stake in shares of Shell by 4.9% in the first quarter. TIAA Trust National Association now owns 13,568 shares of the energy company’s stock worth $910,000 after buying an additional 630 shares during the period. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Stock Performance

NYSE:SHEL opened at $65.48 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61. The stock’s 50 day simple moving average is $67.33 and its two-hundred day simple moving average is $70.15. The company has a market cap of $203.78 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 1.97 and a beta of 0.56.

Shell Dividend Announcement

The company also recently disclosed 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. This represents a $2.75 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Friday, November 15th. Shell’s payout ratio is 56.58%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research note on Friday, October 11th. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Wells Fargo & Company raised their price objective on Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Barclays raised Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. Three equities research 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 MarketBeat.com, Shell has an average rating of “Buy” and an average target price 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.