Banco Santander S.A. Sells 672 Shares of Shell plc (NYSE:SHEL)

Banco Santander S.A. lowered its position in shares of Shell plc (NYSE:SHEL) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,375 shares of the energy company’s stock after selling 672 shares during the period. Banco Santander S.A.’s holdings in Shell were worth $5,630,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SHEL. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Shell during the 1st quarter valued at about $952,000. CreativeOne Wealth LLC grew its stake in Shell by 19.4% in the 1st quarter. CreativeOne Wealth LLC now owns 8,378 shares of the energy company’s stock worth $561,000 after buying an additional 1,361 shares in the last quarter. EP Wealth Advisors LLC raised its position in shares of Shell by 25.1% during the 1st quarter. EP Wealth Advisors LLC now owns 14,940 shares of the energy company’s stock valued at $1,002,000 after buying an additional 2,994 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Shell by 2.1% during the 1st quarter. Advisors Asset Management Inc. now owns 45,429 shares of the energy company’s stock worth $3,046,000 after acquiring an additional 944 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in Shell by 2.7% in the first quarter. Gamco Investors INC. ET AL now owns 9,652 shares of the energy company’s stock valued at $647,000 after acquiring an additional 258 shares during the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SHEL. Barclays raised Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research note on Friday, October 11th. 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. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Finally, Scotiabank cut 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 assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $82.00.

Shell Trading Up 1.3 %

Shares of SHEL opened at $66.30 on Friday. The firm has a fifty day simple moving average of $67.29 and a two-hundred day simple moving average of $70.01. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61. The stock has a market capitalization of $205.21 billion, a P/E ratio of 13.64, a PEG ratio of 1.97 and a beta of 0.56. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.

Shell Announces Dividend

The firm 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. The ex-dividend date is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.15%. Shell’s dividend payout ratio is presently 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.