Greenleaf Trust trimmed its stake in shares of Shell plc (NYSE:SHEL – Free Report) by 1.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 17,876 shares of the energy company’s stock after selling 257 shares during the quarter. Greenleaf Trust’s holdings in Shell were worth $1,151,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of Shell during the 3rd quarter valued at $32,000. McClarren Financial Advisors Inc. bought a new stake in shares of Shell during the 2nd quarter valued at $30,000. ST Germain D J Co. Inc. acquired a new stake in Shell in the second quarter valued at about $36,000. Quantbot Technologies LP acquired a new stake in Shell in the third quarter valued at about $39,000. Finally, MCF Advisors LLC boosted its stake in Shell by 128.2% in the third quarter. MCF Advisors LLC now owns 712 shares of the energy company’s stock valued at $46,000 after buying an additional 400 shares in the last quarter. 9.23% of the stock is currently owned by institutional investors.
Shell Price Performance
Shell stock opened at $64.16 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $209.28 billion, a PE ratio of 11.33, a P/E/G ratio of 2.02 and a beta of 0.62. Shell plc has a 12 month low of $52.47 and a 12 month high of $68.74. The stock has a 50-day moving average price of $64.00 and a two-hundred day moving average price of $64.16.
Shell Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 25th. Stockholders of record on Friday, February 16th will be given a dividend of $0.662 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 4.13%. Shell’s dividend payout ratio (DPR) is 46.82%.
Analysts Set New Price Targets
Several research firms recently weighed in on SHEL. TheStreet raised Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th. BNP Paribas lowered Shell from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $1,031.33.
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 necessary to deliver gas to market.
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