Shell plc (NYSE:SHEL) Shares Bought by WESPAC Advisors LLC

WESPAC Advisors LLC increased its stake in shares of Shell plc (NYSE:SHEL) by 16.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 10,283 shares of the energy company’s stock after acquiring an additional 1,466 shares during the period. WESPAC Advisors LLC’s holdings in Shell were worth $678,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hobbs Group Advisors LLC purchased a new stake in shares of Shell in the second quarter valued at about $26,000. Triad Wealth Partners LLC purchased a new stake in Shell in the 2nd quarter valued at approximately $31,000. Fairscale Capital LLC acquired a new stake in Shell in the second quarter valued at $33,000. Fortitude Family Office LLC purchased a new position in shares of Shell in the third quarter valued at $30,000. Finally, Valley Wealth Managers Inc. purchased a new stake in shares of Shell in the 3rd quarter worth about $33,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on SHEL. Scotiabank cut their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Berenberg Bank raised Shell to a “strong-buy” rating in a research note on Monday, August 5th. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research note on Friday, October 11th. Finally, Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $82.00.

Shell Stock Down 0.4 %

Shares of NYSE:SHEL opened at $66.03 on Friday. The stock’s 50-day moving average price is $67.25 and its two-hundred day moving average price is $69.94. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. Shell plc has a 12-month low of $60.34 and a 12-month high of $74.61. The firm has a market cap of $204.39 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 1.99 and a beta of 0.56.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Friday, November 15th. Shell’s dividend payout ratio is currently 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.