Captrust Financial Advisors Lowers Position in Shell plc (NYSE:SHEL)

Captrust Financial Advisors decreased its holdings in shares of Shell plc (NYSE:SHEL) by 1.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 141,101 shares of the energy company’s stock after selling 1,847 shares during the period. Captrust Financial Advisors’ holdings in Shell were worth $9,306,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. FMR LLC lifted its holdings in Shell by 5.2% during the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock worth $4,306,465,000 after buying an additional 3,255,347 shares during the period. Empyrean Capital Partners LP bought a new stake in Shell during the second quarter valued at about $151,578,000. Jennison Associates LLC grew its stake in Shell by 188.0% in the third quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock valued at $198,786,000 after purchasing an additional 1,967,672 shares during the last quarter. Raymond James & Associates lifted its position in shares of Shell by 65.7% during the second quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock valued at $122,579,000 after buying an additional 673,624 shares during the last quarter. Finally, Mediolanum International Funds Ltd bought a new stake in shares of Shell in the 3rd quarter valued at about $37,274,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Citigroup raised shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Barclays upgraded Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research note on Friday, October 11th. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company lifted their target price on shares of Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $82.00.

Shell Price Performance

Shares of NYSE SHEL opened at $64.74 on Monday. Shell plc has a 52 week low of $60.34 and a 52 week high of $74.61. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The firm has a market cap of $200.40 billion, a P/E ratio of 13.32, a P/E/G ratio of 1.94 and a beta of 0.56. The business’s 50 day moving average price is $66.89 and its 200 day moving average price is $69.58.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be issued a dividend of $0.688 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.25%. Shell’s dividend payout ratio (DPR) is presently 56.58%.

Shell 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.