Baxter Bros Inc. Has $316,000 Stock Holdings in Shell plc (NYSE:SHEL)

Baxter Bros Inc. lessened its stake in shares of Shell plc (NYSE:SHEL) by 20.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,785 shares of the energy company’s stock after selling 1,210 shares during the quarter. Baxter Bros Inc.’s holdings in Shell were worth $316,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Hobbs Group Advisors LLC acquired a new stake in shares of Shell during the 2nd quarter worth about $26,000. Fortitude Family Office LLC acquired a new stake in Shell in the 3rd quarter worth about $30,000. Triad Wealth Partners LLC acquired a new stake in Shell in the 2nd quarter worth about $31,000. Fairscale Capital LLC acquired a new stake in Shell in the 2nd quarter worth about $33,000. Finally, GHP Investment Advisors Inc. raised its stake in Shell by 40.8% in 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 in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Trading Down 0.1 %

Shares of Shell stock opened at $67.49 on Friday. The firm has a market capitalization of $210.04 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 1.86 and a beta of 0.56. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $68.08 and its 200 day moving average is $70.52. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.15. The company had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. Shell had a net margin of 5.17% and a return on equity of 14.57%. During the same period in the previous year, the firm posted $1.50 EPS. Equities research analysts forecast that Shell plc will post 8.45 earnings per share for the current fiscal year.

Shell Dividend Announcement

The business also recently declared 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. This represents a $2.75 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Friday, November 15th. Shell’s dividend payout ratio (DPR) is presently 56.58%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Wells Fargo & Company boosted their target price on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Scotiabank dropped their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Finally, Citigroup upgraded shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Shell currently has a consensus rating of “Buy” and a consensus target price of $82.00.

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.