Hantz Financial Services Inc. Sells 544 Shares of Shell plc (NYSE:SHEL)

Hantz Financial Services Inc. reduced its stake in Shell plc (NYSE:SHEL) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,353 shares of the energy company’s stock after selling 544 shares during the period. Hantz Financial Services Inc.’s holdings in Shell were worth $1,342,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHEL. Northwest & Ethical Investments L.P. raised its holdings in Shell by 29.1% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 322,691 shares of the energy company’s stock valued at $21,281,000 after buying an additional 72,663 shares during the last quarter. Financial Counselors Inc. raised its stake in shares of Shell by 1.6% during the third quarter. Financial Counselors Inc. now owns 23,088 shares of the energy company’s stock valued at $1,523,000 after acquiring an additional 363 shares during the last quarter. Fiduciary Trust Co boosted its holdings in shares of Shell by 12.6% during the third quarter. Fiduciary Trust Co now owns 66,760 shares of the energy company’s stock worth $4,403,000 after purchasing an additional 7,466 shares during the period. CreativeOne Wealth LLC increased its holdings in Shell by 5.3% during the 3rd quarter. CreativeOne Wealth LLC now owns 8,324 shares of the energy company’s stock valued at $549,000 after purchasing an additional 417 shares during the period. Finally, Bridgewater Associates LP bought a new position in Shell during the 3rd quarter valued at approximately $8,784,000. Institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

Shares of SHEL opened at $64.74 on Monday. 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 stock 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 plc has a 52 week low of $60.34 and a 52 week high of $74.61.

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be paid a $0.688 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.25%. Shell’s dividend payout ratio is currently 56.58%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays upgraded Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Scotiabank decreased their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Citigroup upgraded shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Finally, Berenberg Bank upgraded Shell to a “strong-buy” rating in a report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.