Shell plc (NYSE:SHEL) Short Interest Update

Shell plc (NYSE:SHELGet Free Report) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 4,460,000 shares, a decline of 16.3% from the September 30th total of 5,330,000 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 4,010,000 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On Shell

Institutional investors have recently bought and sold shares of the stock. Hobbs Group Advisors LLC bought a new stake in shares of Shell during the 2nd quarter worth $26,000. Fortitude Family Office LLC bought a new stake in Shell during the third quarter valued at about $30,000. Triad Wealth Partners LLC acquired a new stake in shares of Shell in the second quarter valued at about $31,000. Fairscale Capital LLC bought a new position in shares of Shell in the second quarter worth about $33,000. Finally, GHP Investment Advisors Inc. lifted its position in shares of Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after purchasing an additional 163 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Up 0.5 %

SHEL stock traded up $0.30 during midday trading on Wednesday, reaching $65.58. The company had a trading volume of 4,034,728 shares, compared to its average volume of 4,135,318. The company has a 50 day moving average of $68.37 and a two-hundred day moving average of $70.61. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. Shell has a 1 year low of $60.34 and a 1 year high of $74.61. The company has a market capitalization of $204.09 billion, a P/E ratio of 12.07, a PEG ratio of 1.84 and a beta of 0.56.

Shell (NYSE:SHELGet Free Report) last issued its earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. The firm had revenue of $75.06 billion for the quarter, compared to the consensus estimate of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same quarter in the previous year, the company posted $1.50 earnings per share. On average, equities research analysts expect that Shell will post 8.45 earnings per share for the current fiscal year.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were paid a dividend of $0.688 per share. The ex-dividend date was Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 4.20%. Shell’s dividend payout ratio (DPR) is 50.74%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SHEL. Barclays upgraded shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Berenberg Bank upgraded Shell to a “strong-buy” rating in a report on Monday, August 5th. Citigroup upgraded shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Finally, 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 research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Shell has a consensus rating of “Buy” and an average price target of $82.00.

View Our Latest Research Report on Shell

Shell Company Profile

(Get Free Report)

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.

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