Shell plc (NYSE:SHEL) Shares Sold by Absher Wealth Management LLC

Absher Wealth Management LLC lowered its position in Shell plc (NYSE:SHEL) by 13.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,955 shares of the energy company’s stock after selling 2,108 shares during the quarter. Absher Wealth Management LLC’s holdings in Shell were worth $920,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SHEL. Hobbs Group Advisors LLC acquired a new stake in Shell in the second quarter worth approximately $26,000. Triad Wealth Partners LLC bought a new position in Shell during the second quarter valued at about $31,000. Fairscale Capital LLC bought a new stake in Shell in the second quarter worth about $33,000. Fortitude Family Office LLC bought a new position in shares of Shell during the 3rd quarter valued at about $30,000. Finally, GHP Investment Advisors Inc. grew its stake 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. Institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

Shares of SHEL stock traded up $0.29 during trading hours on Friday, reaching $67.84. 2,516,644 shares of the company’s stock were exchanged, compared to its average volume of 4,158,207. The business has a fifty day moving average price of $68.17 and a 200-day moving average price of $70.56. The stock has a market capitalization of $211.13 billion, a P/E ratio of 12.07, a P/E/G ratio of 1.81 and a beta of 0.56. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35. Shell plc has a fifty-two week low of $60.34 and a fifty-two week high of $74.61.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.15. The company had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same quarter last year, the firm earned $1.50 EPS. Analysts predict that Shell plc will post 8.45 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on SHEL shares. Scotiabank reduced their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Wolfe Research initiated coverage on shares of Shell in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Wells Fargo & Company raised their price objective on shares of Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target 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.