Rehmann Capital Advisory Group Sells 230 Shares of Shell plc (NYSE:SHEL)

Rehmann Capital Advisory Group lessened its position in Shell plc (NYSE:SHEL) by 3.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 5,680 shares of the energy company’s stock after selling 230 shares during the period. Rehmann Capital Advisory Group’s holdings in Shell were worth $377,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in SHEL. Hobbs Group Advisors LLC bought a new stake in Shell during the 2nd quarter worth approximately $26,000. Fortitude Family Office LLC purchased a new position in shares of Shell during the third quarter valued at approximately $30,000. Triad Wealth Partners LLC bought a new stake in Shell during the second quarter worth $31,000. Fairscale Capital LLC bought a new position in Shell during the 2nd quarter valued at $33,000. Finally, Valley Wealth Managers Inc. purchased a new position in Shell during the 3rd quarter worth $33,000. 28.60% of the stock is owned by institutional investors.

Shell Stock Down 0.8 %

Shell stock opened at $64.00 on Friday. The firm has a market capitalization of $198.11 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 4.92 and a beta of 0.55. The firm has a 50 day simple moving average of $66.33 and a 200 day simple moving average of $69.18. Shell plc has a 1-year low of $60.34 and a 1-year 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.

Shell Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 4.30%. Shell’s dividend payout ratio (DPR) is 56.58%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Scotiabank dropped 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. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research note on Friday, October 11th. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company dropped their price objective on Shell from $88.00 to $87.00 and set an “overweight” rating on the stock in a research note on Monday. Three analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $81.75.

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.