Strategic Wealth Partners Ltd. Lowers Holdings in Shell plc (NYSE:SHEL)

Strategic Wealth Partners Ltd. reduced its stake in shares of Shell plc (NYSE:SHEL) by 9.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,903 shares of the energy company’s stock after selling 2,390 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Shell were worth $1,576,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Personal CFO Solutions LLC raised its stake in shares of Shell by 11.3% in the 4th quarter. Personal CFO Solutions LLC now owns 5,860 shares of the energy company’s stock valued at $386,000 after acquiring an additional 597 shares during the period. Cresset Asset Management LLC grew its stake in shares of Shell by 2.8% in the fourth quarter. Cresset Asset Management LLC now owns 336,602 shares of the energy company’s stock valued at $22,148,000 after buying an additional 9,047 shares in the last quarter. LM Advisors LLC acquired a new position in Shell during the 4th quarter worth approximately $242,000. Caas Capital Management LP purchased a new stake in shares of Shell during the fourth quarter valued at approximately $658,000. Finally, Bragg Financial Advisors Inc boosted its stake in shares of Shell by 0.5% in the fourth quarter. Bragg Financial Advisors Inc now owns 130,350 shares of the energy company’s stock valued at $8,577,000 after purchasing an additional 642 shares during the period. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Stock Performance

Shares of SHEL stock opened at $68.27 on Wednesday. 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 business has a 50 day moving average of $69.82 and a two-hundred day moving average of $70.89. The company has a market cap of $213.74 billion, a P/E ratio of 12.60, a PEG ratio of 1.56 and a beta of 0.56. Shell plc has a 52 week low of $60.34 and a 52 week high of $74.61.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. The company had revenue of $75.06 billion for the quarter, compared to analysts’ expectations of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same period last year, the business posted $1.50 earnings per share. As a group, analysts anticipate that Shell plc will post 8.44 EPS for the current year.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were paid a $0.688 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 4.03%. Shell’s payout ratio is currently 50.74%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Scotiabank lowered their target price on Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Barclays upgraded Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Finally, Wolfe Research assumed coverage on Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $84.50.

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.