Horan Capital Advisors LLC. Trims Stock Position in Shell plc (NYSE:SHEL)

Horan Capital Advisors LLC. trimmed its holdings in Shell plc (NYSE:SHEL) by 1.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 38,128 shares of the energy company’s stock after selling 582 shares during the period. Horan Capital Advisors LLC.’s holdings in Shell were worth $2,515,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hobbs Group Advisors LLC purchased a new stake in shares of Shell in the 2nd quarter valued at $26,000. Fortitude Family Office LLC acquired a new position in Shell in the 3rd quarter valued at about $30,000. Triad Wealth Partners LLC acquired a new stake in shares of Shell during the second quarter worth about $31,000. Fairscale Capital LLC purchased a new position in shares of Shell in the second quarter valued at approximately $33,000. Finally, Valley Wealth Managers Inc. purchased a new stake in Shell during the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Up 1.3 %

SHEL stock opened at $66.33 on Tuesday. The company’s 50 day moving average is $67.33 and its two-hundred day moving average is $70.13. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61. 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 stock has a market cap of $205.31 billion, a P/E ratio of 13.65, a PEG ratio of 1.96 and a beta of 0.56.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be given a $0.688 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.15%. Shell’s dividend payout ratio (DPR) is presently 56.58%.

Analysts Set New Price Targets

SHEL has been the subject of several research reports. Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Scotiabank reduced their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Barclays upgraded shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company increased their price objective on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Three investment 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 stock. Based on data from MarketBeat.com, Shell has an average rating of “Buy” and a consensus price target of $82.00.

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.