Advisors Management Group Inc. ADV Cuts Holdings in Shell plc (NYSE:SHEL)

Advisors Management Group Inc. ADV lowered its position in Shell plc (NYSE:SHEL) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,194 shares of the energy company’s stock after selling 265 shares during the period. Advisors Management Group Inc. ADV’s holdings in Shell were worth $2,585,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Horizon Advisors Inc. raised its position in Shell by 1.3% in the second quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock valued at $801,000 after purchasing an additional 142 shares during the period. Lester Murray Antman dba SimplyRich lifted its position in Shell by 0.6% during the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 26,901 shares of the energy company’s stock worth $1,941,000 after acquiring an additional 158 shares during the period. Procyon Advisors LLC increased its holdings in shares of Shell by 3.2% in the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock valued at $335,000 after purchasing an additional 159 shares in the last quarter. Sax Wealth Advisors LLC lifted its holdings in shares of Shell by 4.1% in the second quarter. Sax Wealth Advisors LLC now owns 4,086 shares of the energy company’s stock valued at $295,000 after purchasing an additional 162 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its position in Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after buying an additional 163 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

SHEL has been the subject of a number of analyst reports. Barclays upgraded Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Citigroup raised shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Wolfe Research initiated coverage on Shell in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Berenberg Bank raised Shell to a “strong-buy” rating in a report on Monday, August 5th. Finally, Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research note on Friday, October 11th. Three analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $82.00.

Shell Trading Up 0.2 %

NYSE:SHEL opened at $68.36 on Thursday. The stock’s 50-day moving average is $67.81 and its two-hundred day moving average is $70.45. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The stock has a market cap of $212.75 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 2.04 and a beta of 0.56. Shell plc has a fifty-two week low of $60.34 and a fifty-two week high of $74.61.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a dividend yield of 4.03%. The ex-dividend date 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.