Mount Yale Investment Advisors LLC Sells 20,661 Shares of Shell plc (NYSE:SHEL)

Mount Yale Investment Advisors LLC reduced its position in shares of Shell plc (NYSE:SHEL) by 63.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,851 shares of the energy company’s stock after selling 20,661 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Shell were worth $782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Brookstone Capital Management boosted its position in shares of Shell by 22.1% in the first quarter. Brookstone Capital Management now owns 13,038 shares of the energy company’s stock valued at $874,000 after acquiring an additional 2,358 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in Shell by 10.8% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 7,759 shares of the energy company’s stock valued at $520,000 after purchasing an additional 759 shares during the period. Kathmere Capital Management LLC grew its position in shares of Shell by 10.4% during the 1st quarter. Kathmere Capital Management LLC now owns 3,604 shares of the energy company’s stock worth $242,000 after purchasing an additional 340 shares in the last quarter. Symphony Financial Ltd. Co. acquired a new stake in shares of Shell in the first quarter valued at approximately $206,000. Finally, Founders Financial Securities LLC bought a new stake in shares of Shell in the first quarter valued at approximately $733,000. 28.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SHEL has been the subject of a number of recent analyst reports. Wolfe Research began coverage on Shell in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Barclays upgraded shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Finally, Citigroup upgraded Shell to a “hold” rating in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $82.00.

Shell Stock Up 0.7 %

Shares of NYSE:SHEL opened at $66.85 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. The company has a market capitalization of $211.38 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 1.85 and a beta of 0.56. The company has a fifty day moving average of $68.62 and a 200-day moving average of $70.72.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. Shell had a return on equity of 14.56% and a net margin of 5.97%. The firm had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. During the same period last year, the firm posted $1.50 earnings per share. On average, equities analysts predict that Shell plc will post 8.45 EPS for the current fiscal year.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were paid a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Friday, August 16th. Shell’s payout ratio is currently 50.74%.

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.