Romano Brothers AND Company Sells 250 Shares of Shell plc (NYSE:SHEL)

Romano Brothers AND Company lowered its position in Shell plc (NYSE:SHEL) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,534 shares of the energy company’s stock after selling 250 shares during the period. Romano Brothers AND Company’s holdings in Shell were worth $497,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hobbs Group Advisors LLC purchased a new stake in shares of Shell during the 2nd quarter valued at $26,000. Triad Wealth Partners LLC purchased a new stake in Shell during the second quarter worth about $31,000. Fairscale Capital LLC bought a new stake in Shell in the second quarter worth about $33,000. LRI Investments LLC bought a new position in shares of Shell during the 1st quarter valued at approximately $47,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Shell during the 2nd quarter worth approximately $49,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Stock Down 0.2 %

Shares of NYSE:SHEL opened at $66.43 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12. Shell plc has a one year low of $60.34 and a one year high of $74.61. The company has a market cap of $206.74 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 1.85 and a beta of 0.56. The firm has a fifty day moving average price of $68.74 and a two-hundred day moving average price of $70.76.

Shell (NYSE:SHEL) last issued its quarterly 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 firm had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same quarter last year, the company posted $1.50 EPS. Analysts anticipate that Shell plc will post 8.45 EPS for the current fiscal year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were issued a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Friday, August 16th. Shell’s dividend payout ratio is currently 49.11%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays raised Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Wolfe Research began coverage on shares of Shell in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Citigroup raised shares of Shell to a “hold” rating in a report 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. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $82.00.

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.