Shell plc (NYSE:SHEL) Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC trimmed its stake in shares of Shell plc (NYSE:SHEL) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110,615 shares of the energy company’s stock after selling 715 shares during the quarter. Townsquare Capital LLC’s holdings in Shell were worth $7,295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in SHEL. FMR LLC lifted its holdings in shares of Shell by 5.2% in the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after buying an additional 3,255,347 shares during the period. Fisher Asset Management LLC increased its position in Shell by 2.1% during the third quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after buying an additional 507,311 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Shell by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company’s stock valued at $1,640,082,000 after purchasing an additional 96,549 shares during the period. Mawer Investment Management Ltd. grew its position in shares of Shell by 8.7% in the third quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock valued at $348,405,000 after purchasing an additional 422,329 shares during the period. Finally, Jennison Associates LLC grew its position in shares of 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 period. 28.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SHEL shares. Scotiabank lowered their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company 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. Wells Fargo & Company lifted their target price on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Barclays upgraded Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Citigroup upgraded Shell to a “hold” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $82.00.

Shell Trading Up 0.2 %

Shares of SHEL opened at $64.90 on Thursday. The stock’s 50-day moving average is $67.12 and its two-hundred day moving average is $69.77. The stock has a market cap of $200.89 billion, a PE ratio of 13.35, a P/E/G ratio of 1.95 and a beta of 0.56. Shell plc has a 12 month low of $60.34 and a 12 month high of $74.61. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Friday, November 15th. Shell’s dividend payout ratio is presently 56.58%.

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.