Shell plc (NYSE:SHEL) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. lessened its position in shares of Shell plc (NYSE:SHEL) by 3.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,328 shares of the energy company’s stock after selling 286 shares during the period. Kovack Advisors Inc.’s holdings in Shell were worth $549,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC purchased a new position in shares of Shell in the 2nd quarter valued at about $26,000. Fortitude Family Office LLC purchased a new stake in shares of Shell in the third quarter valued at approximately $30,000. Triad Wealth Partners LLC acquired a new position in shares of Shell during the 2nd quarter worth approximately $31,000. Fairscale Capital LLC acquired a new stake in Shell in the 2nd quarter valued at $33,000. Finally, GHP Investment Advisors Inc. increased its holdings in Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after acquiring an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shares of SHEL stock opened at $65.79 on Friday. The firm’s 50-day moving average is $67.41 and its two-hundred day moving average is $70.23. Shell plc has a 12 month low of $60.34 and a 12 month high of $74.61. 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 company has a market capitalization of $204.75 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 1.97 and a beta of 0.56.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be given a $0.688 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.18%. Shell’s dividend payout ratio is currently 56.58%.

Analysts Set New Price Targets

SHEL has been the topic of several research analyst reports. Wolfe Research assumed coverage on shares of Shell in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Citigroup raised Shell to a “hold” rating in a report on Wednesday, October 2nd. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Scotiabank lowered their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Wells Fargo & Company increased their target price on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target 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.