Shell plc (NYSE:SHEL) Stock Holdings Lowered by Foundry Partners LLC

Foundry Partners LLC decreased its position in Shell plc (NYSE:SHEL) by 0.7% during the third quarter, Holdings Channel.com reports. The fund owned 502,088 shares of the energy company’s stock after selling 3,435 shares during the quarter. Shell accounts for approximately 1.6% of Foundry Partners LLC’s investment portfolio, making the stock its 8th largest position. Foundry Partners LLC’s holdings in Shell were worth $33,113,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SHEL. Hobbs Group Advisors LLC purchased a new position in shares of Shell during the second quarter valued at about $26,000. Fortitude Family Office LLC purchased a new stake in shares of Shell in the third quarter worth $30,000. Triad Wealth Partners LLC bought a new position in Shell in the 2nd quarter valued at approximately $31,000. Fairscale Capital LLC bought a new stake in shares of Shell in the second quarter worth approximately $33,000. Finally, Valley Wealth Managers Inc. bought a new stake in shares of Shell during the 3rd quarter valued at $33,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Trading Down 0.6 %

Shares of Shell stock opened at $65.42 on Thursday. 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 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average of $67.31 and a two-hundred day moving average of $70.04. The stock has a market cap of $202.50 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 1.97 and a beta of 0.56.

Shell Dividend Announcement

The firm also recently declared 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. This represents a $2.75 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio (DPR) is 56.58%.

Analyst Upgrades and Downgrades

SHEL has been the subject of a number of research analyst reports. Barclays raised shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Citigroup raised shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Three investment 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $82.00.

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.