OneDigital Investment Advisors LLC Grows Stock Position in Shell plc (NYSE:SHEL)

OneDigital Investment Advisors LLC lifted its holdings in shares of Shell plc (NYSE:SHEL) by 2.5% in the third quarter, HoldingsChannel reports. The firm owned 7,889 shares of the energy company’s stock after acquiring an additional 196 shares during the period. OneDigital Investment Advisors LLC’s holdings in Shell were worth $520,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hobbs Group Advisors LLC acquired a new position in shares of Shell in the 2nd quarter valued at about $26,000. Fortitude Family Office LLC acquired a new stake in shares of Shell in the third quarter worth $30,000. Triad Wealth Partners LLC purchased a new position in shares of Shell in the 2nd quarter valued at $31,000. Fairscale Capital LLC purchased a new stake in Shell during the 2nd quarter worth $33,000. Finally, GHP Investment Advisors Inc. increased its holdings in Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after purchasing an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Price Performance

SHEL stock opened at $65.42 on Thursday. Shell plc has a one year low of $60.34 and a one year high of $74.61. The firm has a 50-day moving average of $67.31 and a two-hundred day moving average of $70.04. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $202.50 billion, a PE ratio of 13.46, a P/E/G ratio of 1.96 and a beta of 0.56.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be issued a $0.688 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.21%. Shell’s dividend payout ratio is 56.58%.

Wall Street Analyst Weigh In

SHEL has been the topic of several analyst reports. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Wells Fargo & Company upped their target price on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. Finally, Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Three research 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. Based on data from MarketBeat, the stock currently has a consensus 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.