Golden State Equity Partners Has $208,000 Stock Holdings in Shell plc (NYSE:SHEL)

Golden State Equity Partners lowered its position in shares of Shell plc (NYSE:SHEL) by 6.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,155 shares of the energy company’s stock after selling 226 shares during the quarter. Golden State Equity Partners’ holdings in Shell were worth $208,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of SHEL. Empyrean Capital Partners LP acquired a new stake in Shell during the 2nd quarter worth approximately $151,578,000. Mondrian Investment Partners LTD raised its holdings in shares of Shell by 83.2% during the first quarter. Mondrian Investment Partners LTD now owns 2,187,872 shares of the energy company’s stock worth $146,675,000 after acquiring an additional 993,342 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Shell by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock valued at $450,180,000 after acquiring an additional 772,736 shares in the last quarter. Raymond James & Associates boosted its stake in Shell by 65.7% in the 2nd quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock worth $122,579,000 after purchasing an additional 673,624 shares during the period. Finally, Senator Investment Group LP acquired a new stake in shares of Shell in the 1st quarter valued at about $42,775,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SHEL has been the subject of a number of research reports. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Wells Fargo & Company lifted their price objective on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Wolfe Research assumed coverage on shares of Shell in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Scotiabank cut their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Finally, Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $82.00.

Shell Trading Up 3.1 %

Shares of NYSE:SHEL opened at $67.60 on Friday. The company has a 50-day simple moving average of $68.25 and a 200 day simple moving average of $70.58. The company has a market capitalization of $210.38 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 1.84 and a beta of 0.56. 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.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping 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 business had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. During the same period in the previous year, the firm earned $1.50 EPS. Sell-side analysts forecast that Shell plc will post 8.45 earnings per share for the current year.

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.