Tevis Investment Management Has $220,000 Stock Holdings in Shell plc (NYSE:SHEL)

Tevis Investment Management decreased its stake in Shell plc (NYSE:SHEL) by 10.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,329 shares of the energy company’s stock after selling 368 shares during the quarter. Tevis Investment Management’s holdings in Shell were worth $220,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. United Community Bank raised its position in Shell by 4.4% during the 1st quarter. United Community Bank now owns 3,315 shares of the energy company’s stock worth $222,000 after purchasing an additional 139 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings 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 buying an additional 142 shares during the period. Lester Murray Antman dba SimplyRich boosted its position in Shell by 0.6% during the first quarter. Lester Murray Antman dba SimplyRich now owns 26,743 shares of the energy company’s stock valued at $1,793,000 after acquiring an additional 153 shares during the last quarter. Procyon Advisors LLC boosted its position in shares of Shell by 3.2% during 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. Finally, Sax Wealth Advisors LLC grew its stake in Shell by 4.1% during the second quarter. Sax Wealth Advisors LLC now owns 4,086 shares of the energy company’s stock worth $295,000 after purchasing an additional 162 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SHEL. Wells Fargo & Company increased their target price 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 upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. Scotiabank reduced their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Finally, Barclays upgraded Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $82.00.

Shell Stock Performance

NYSE SHEL opened at $65.58 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. The company has a market capitalization of $204.09 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 1.84 and a beta of 0.56. The company has a 50-day simple moving average of $68.25 and a 200 day simple moving average of $70.58. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61.

Shell (NYSE:SHEL) last released its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. Shell had a return on equity of 14.56% and a net margin of 5.97%. The business had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. During the same period last year, the business posted $1.50 earnings per share. On average, research analysts predict that Shell plc will post 8.45 EPS for the current year.

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.