Holistic Planning LLC Purchases 2,725 Shares of Shell plc (NYSE:SHEL)

Holistic Planning LLC lifted its position in Shell plc (NYSE:SHEL) by 53.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,785 shares of the energy company’s stock after acquiring an additional 2,725 shares during the period. Holistic Planning LLC’s holdings in Shell were worth $513,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Hobbs Group Advisors LLC bought a new position in shares of Shell during the second quarter valued at approximately $26,000. Fortitude Family Office LLC bought a new position in Shell during the 3rd quarter valued at approximately $30,000. Triad Wealth Partners LLC bought a new stake in Shell in the second quarter worth $31,000. Fairscale Capital LLC purchased a new stake in shares of Shell in the second quarter worth $33,000. Finally, GHP Investment Advisors Inc. raised its position in shares of 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 during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SHEL shares. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Wells Fargo & Company boosted their price objective on shares of Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Citigroup upgraded Shell to a “hold” rating in a research note on Wednesday, October 2nd. Barclays raised Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Wolfe Research started coverage on Shell in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Three equities 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $82.00.

Shell Stock Down 2.3 %

Shell stock opened at $67.06 on Friday. The stock has a market cap of $208.70 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 2.06 and a beta of 0.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The stock has a fifty day moving average of $67.64 and a 200 day moving average of $70.40. Shell plc has a one year low of $60.34 and a one year high of $74.61.

Shell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be issued a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s payout ratio is 56.58%.

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.