J.W. Cole Advisors Inc. Reduces Stock Position in Shell plc (NYSE:SHEL)

J.W. Cole Advisors Inc. decreased its position in Shell plc (NYSE:SHEL) by 4.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,259 shares of the energy company’s stock after selling 602 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Shell were worth $808,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Hobbs Group Advisors LLC bought a new position in Shell during the 2nd quarter valued at approximately $26,000. Triad Wealth Partners LLC bought a new position in shares of Shell during the second quarter valued at approximately $31,000. Fairscale Capital LLC purchased a new stake in Shell in the second quarter worth $33,000. GHP Investment Advisors Inc. boosted its holdings in Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after acquiring an additional 163 shares in the last quarter. Finally, LRI Investments LLC increased its position in Shell by 3,856.3% during the 2nd quarter. LRI Investments LLC now owns 633 shares of the energy company’s stock valued at $46,000 after purchasing an additional 617 shares during the period. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SHEL shares. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Scotiabank lowered their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Finally, Wolfe Research assumed coverage on Shell in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Three 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $82.00.

Shell Stock Down 1.1 %

Shares of NYSE:SHEL opened at $65.31 on Wednesday. Shell plc has a 12-month low of $60.34 and a 12-month high of $74.61. The stock has a market capitalization of $203.25 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 1.84 and a beta of 0.56. The stock has a fifty day simple moving average of $68.49 and a two-hundred day simple moving average of $70.66. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, topping 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 net margin of 5.97% and a return on equity of 14.56%. During the same quarter in the previous year, the business posted $1.50 EPS. On average, research analysts anticipate that Shell plc will post 8.45 earnings per share for the current fiscal year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, August 16th were issued a $0.688 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a yield of 4.21%. Shell’s payout ratio is currently 50.74%.

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.