Aptus Capital Advisors LLC Has $502,000 Holdings in Shell plc (NYSE:SHEL)

Aptus Capital Advisors LLC cut its holdings in Shell plc (NYSE:SHEL) by 2.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,606 shares of the energy company’s stock after selling 216 shares during the period. Aptus Capital Advisors LLC’s holdings in Shell were worth $502,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SHEL. Hobbs Group Advisors LLC acquired a new position in shares of Shell in the second quarter valued at $26,000. Triad Wealth Partners LLC bought a new stake in Shell during the second quarter worth about $31,000. Fairscale Capital LLC bought a new position in shares of Shell in the second quarter worth about $33,000. Fortitude Family Office LLC bought a new position in shares of Shell in the third quarter worth about $30,000. Finally, GHP Investment Advisors Inc. increased its stake in shares of Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after buying an additional 163 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Barclays raised shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Wells Fargo & Company lifted their target price on Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research note on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $82.00.

Shell Stock Performance

NYSE:SHEL opened at $65.48 on Friday. The firm has a market cap of $203.78 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 1.97 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. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The business has a 50 day moving average price of $67.33 and a 200-day moving average price of $70.15.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be issued a $0.688 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.20%. Shell’s dividend payout ratio (DPR) is 56.58%.

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.