Eads & Heald Wealth Management Trims Stock Position in Shell plc (NYSE:SHEL)

Eads & Heald Wealth Management trimmed its holdings in shares of Shell plc (NYSE:SHEL) by 4.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,039 shares of the energy company’s stock after selling 210 shares during the quarter. Eads & Heald Wealth Management’s holdings in Shell were worth $266,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its holdings in Shell by 1,293.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,898 shares of the energy company’s stock worth $462,000 after acquiring an additional 6,403 shares in the last quarter. Norden Group LLC raised its position in shares of Shell by 72.5% during the 1st quarter. Norden Group LLC now owns 10,015 shares of the energy company’s stock valued at $671,000 after purchasing an additional 4,210 shares during the period. Diversify Advisory Services LLC purchased a new position in shares of Shell during the 1st quarter valued at $418,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Shell by 5.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 116,199 shares of the energy company’s stock worth $7,790,000 after buying an additional 6,356 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Shell by 1.2% during the first quarter. Janney Montgomery Scott LLC now owns 144,885 shares of the energy company’s stock valued at $9,713,000 after acquiring an additional 1,728 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on SHEL. Wolfe Research assumed coverage on Shell in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Scotiabank reduced their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Wells Fargo & Company upped their target price on shares of Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Sanford C. Bernstein raised Shell to a “strong-buy” rating in a report on Friday, October 11th. Three 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. According to MarketBeat, Shell has a consensus rating of “Buy” and a consensus target price of $82.00.

Shell Stock Down 0.1 %

Shares of NYSE SHEL opened at $67.49 on Friday. The stock has a market capitalization of $210.04 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 1.86 and a beta of 0.56. Shell plc has a 12-month low of $60.34 and a 12-month high of $74.61. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average price is $68.08 and its 200-day moving average price is $70.52.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. Shell had a return on equity of 14.57% and a net margin of 5.17%. The company had revenue of $75.06 billion during the quarter, compared to analysts’ expectations of $88.62 billion. During the same quarter in the previous year, the business earned $1.50 EPS. On average, equities research analysts anticipate that Shell plc will post 8.45 EPS for the current fiscal year.

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 $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Friday, November 15th. Shell’s payout ratio is presently 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.