Shell plc (NYSE:SHEL) Shares Sold by Sawyer & Company Inc

Sawyer & Company Inc reduced its position in Shell plc (NYSE:SHEL) by 7.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,156 shares of the energy company’s stock after selling 255 shares during the period. Sawyer & Company Inc’s holdings in Shell were worth $208,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SHEL. Centaurus Financial Inc. raised its stake in shares of Shell by 13.2% in the 4th quarter. Centaurus Financial Inc. now owns 6,602 shares of the energy company’s stock valued at $434,000 after purchasing an additional 771 shares in the last quarter. Syon Capital LLC raised its stake in shares of Shell by 7.6% in the 4th quarter. Syon Capital LLC now owns 11,345 shares of the energy company’s stock valued at $746,000 after purchasing an additional 802 shares in the last quarter. Royal London Asset Management Ltd. boosted its position in Shell by 1.1% during the 4th quarter. Royal London Asset Management Ltd. now owns 45,076 shares of the energy company’s stock worth $2,966,000 after acquiring an additional 491 shares during the period. Fortis Group Advisors LLC raised its position in shares of Shell by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 984 shares of the energy company’s stock worth $65,000 after purchasing an additional 492 shares during the period. Finally, Tucker Asset Management LLC raised its position in shares of Shell by 15.8% during the fourth quarter. Tucker Asset Management LLC now owns 5,011 shares of the energy company’s stock worth $330,000 after purchasing an additional 685 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SHEL has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research report on Monday, August 5th. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Scotiabank reduced their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday. Finally, Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $82.00.

Shell Trading Down 0.5 %

SHEL traded down $0.35 during trading on Friday, reaching $68.49. 2,992,024 shares of the stock traded hands, compared to its average volume of 4,175,285. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $214.43 billion, a PE ratio of 12.23, a P/E/G ratio of 1.57 and a beta of 0.56. The stock’s 50-day moving average is $69.58 and its 200 day moving average is $70.89. Shell plc has a 12 month low of $60.34 and a 12 month high of $74.61.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.82 by $0.15. The firm had revenue of $75.06 billion during the quarter, compared to analyst estimates of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same quarter last year, the business posted $1.50 EPS. Equities analysts anticipate that Shell plc will post 8.44 earnings per share for the current year.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were paid a dividend of $0.688 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 4.02%. Shell’s payout ratio is currently 49.11%.

About Shell

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.