GM Advisory Group LLC Sells 516 Shares of Shell plc (NYSE:SHEL)

GM Advisory Group LLC lowered its holdings in Shell plc (NYSE:SHEL) by 2.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,709 shares of the energy company’s stock after selling 516 shares during the period. GM Advisory Group LLC’s holdings in Shell were worth $1,432,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC boosted its holdings in Shell by 6.4% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock valued at $247,000 after purchasing an additional 225 shares during the period. Lazard Asset Management LLC raised its position in shares of Shell by 21.0% in the 1st quarter. Lazard Asset Management LLC now owns 44,896 shares of the energy company’s stock valued at $3,009,000 after buying an additional 7,779 shares in the last quarter. Creative Planning raised its position in shares of Shell by 11.3% in the 2nd quarter. Creative Planning now owns 292,587 shares of the energy company’s stock valued at $21,119,000 after buying an additional 29,677 shares in the last quarter. Raymond James & Associates raised its position in shares of Shell by 65.7% in the 2nd quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock valued at $122,579,000 after buying an additional 673,624 shares in the last quarter. Finally, Foresight Global Investors Inc. acquired a new position in shares of Shell in the 2nd quarter valued at approximately $1,472,000. Institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on SHEL shares. Wells Fargo & Company boosted their target price on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Scotiabank lowered their price objective 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. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Finally, Barclays upgraded shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Shell presently has a consensus rating of “Buy” and an average target price of $82.00.

Shell Trading Up 1.3 %

NYSE:SHEL opened at $66.30 on Friday. The firm’s fifty day moving average is $67.29 and its 200-day moving average is $70.01. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. Shell plc has a 52 week low of $60.34 and a 52 week high of $74.61. The firm has a market cap of $205.21 billion, a P/E ratio of 13.64, a P/E/G ratio of 1.97 and a beta of 0.56.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be paid a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio is currently 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.