Shell plc (NYSE:SHEL) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. trimmed its stake in shares of Shell plc (NYSE:SHEL) by 2.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,353 shares of the energy company’s stock after selling 846 shares during the quarter. Foster & Motley Inc.’s holdings in Shell were worth $1,870,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SHEL. Hobbs Group Advisors LLC acquired a new position in shares of Shell during the second quarter worth approximately $26,000. Fortitude Family Office LLC bought a new position in shares of Shell in the third quarter worth $30,000. Triad Wealth Partners LLC bought a new stake in shares of Shell during the second quarter valued at about $31,000. Fairscale Capital LLC bought a new position in Shell in the 2nd quarter valued at about $33,000. Finally, GHP Investment Advisors Inc. increased its stake in Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after buying an additional 163 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SHEL. Citigroup upgraded shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Scotiabank dropped their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Royal Bank of Canada raised Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. Finally, Wells Fargo & Company boosted their target price on shares of Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Three research 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 company’s stock. According to data from MarketBeat.com, Shell currently has a consensus rating of “Buy” and a consensus target price of $82.00.

Shell Stock Performance

Shares of SHEL opened at $68.36 on Thursday. The company has a 50-day moving average of $67.81 and a two-hundred day moving average of $70.45. The stock has a market cap of $212.75 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 2.04 and a beta of 0.56. 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 plc has a one year low of $60.34 and a one year high of $74.61.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be given a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s payout ratio is 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.