PDS Planning Inc Purchases 978 Shares of Shell plc (NYSE:SHEL)

PDS Planning Inc raised its position in Shell plc (NYSE:SHEL) by 10.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,934 shares of the energy company’s stock after acquiring an additional 978 shares during the quarter. PDS Planning Inc’s holdings in Shell were worth $655,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SHEL. Hobbs Group Advisors LLC acquired a new position in Shell during the second quarter worth approximately $26,000. Triad Wealth Partners LLC acquired a new position in shares of Shell during the 2nd quarter worth approximately $31,000. Fairscale Capital LLC bought a new stake in Shell in the 2nd quarter valued at $33,000. Fortitude Family Office LLC bought a new position in Shell during the third quarter worth $30,000. Finally, GHP Investment Advisors Inc. increased its holdings in shares of Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after purchasing an additional 163 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Performance

Shares of Shell stock opened at $67.74 on Tuesday. The company has a 50 day moving average of $67.97 and a 200-day moving average of $70.49. The company has a market cap of $210.82 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 1.86 and a beta of 0.56. 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 plc has a 1-year low of $60.34 and a 1-year high of $74.61.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.688 per share. The ex-dividend date is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.06%. Shell’s dividend payout ratio (DPR) is currently 56.58%.

Analyst Ratings Changes

A number of brokerages recently commented on SHEL. Wolfe Research began coverage on shares of Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Barclays upgraded Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company boosted their price objective on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Scotiabank dropped their price target 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. Three investment 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, the company presently has a consensus rating of “Buy” and an average target price of $82.00.

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.