2,238 Shares in Shell plc (NYSE:SHEL) Bought by Highline Wealth Partners LLC

Highline Wealth Partners LLC bought a new position in shares of Shell plc (NYSE:SHEL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,238 shares of the energy company’s stock, valued at approximately $148,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC bought a new stake in Shell during the second quarter valued at $26,000. Fortitude Family Office LLC bought a new stake in shares of Shell during the 3rd quarter worth $30,000. Triad Wealth Partners LLC acquired a new stake in shares of Shell during the second quarter valued at approximately $31,000. Fairscale Capital LLC purchased a new stake in Shell in the 2nd quarter worth about $33,000. Finally, GHP Investment Advisors Inc. grew 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 valued at $37,000 after purchasing an additional 163 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Down 0.1 %

Shares of NYSE:SHEL opened at $65.22 on Wednesday. The business has a fifty day simple moving average of $68.37 and a 200 day simple moving average of $70.61. 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 12-month low of $60.34 and a 12-month high of $74.61. The firm has a market cap of $202.97 billion, a P/E ratio of 12.05, a P/E/G ratio of 1.84 and a beta of 0.56.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. The business had revenue of $75.06 billion during 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 period in the previous year, the company posted $1.50 EPS. Analysts predict that Shell plc will post 8.45 earnings per share for the current year.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were paid a $0.688 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 4.22%. Shell’s payout ratio is presently 50.74%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SHEL shares. Barclays raised Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Scotiabank cut their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Wells Fargo & Company lifted their price objective on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Citigroup raised Shell to a “hold” rating in a report on Wednesday, October 2nd. 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 company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $82.00.

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.