McIlrath & Eck LLC Has $161,000 Stock Holdings in Shell plc (NYSE:SHEL)

McIlrath & Eck LLC lowered its stake in Shell plc (NYSE:SHEL) by 11.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,440 shares of the energy company’s stock after selling 315 shares during the period. McIlrath & Eck LLC’s holdings in Shell were worth $161,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Hobbs Group Advisors LLC bought a new stake in shares of Shell during the second quarter worth $26,000. Triad Wealth Partners LLC bought a new stake in Shell during the 2nd quarter worth about $31,000. Fairscale Capital LLC acquired a new position in Shell during the 2nd quarter valued at about $33,000. Fortitude Family Office LLC acquired a new stake in shares of Shell during the 3rd quarter worth approximately $30,000. Finally, Valley Wealth Managers Inc. bought a new stake in shares of Shell during the third quarter worth approximately $33,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SHEL. Scotiabank lowered their target price 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. Wells Fargo & Company dropped their price objective on Shell from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Monday. Barclays upgraded Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Finally, Citigroup upgraded shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Three research 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 company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $81.75.

Shell Price Performance

Shares of SHEL opened at $64.39 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The firm has a market capitalization of $199.32 billion, a PE ratio of 13.25, a P/E/G ratio of 1.94 and a beta of 0.55. The stock has a 50 day simple moving average of $66.48 and a 200 day simple moving average of $69.25. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be issued a dividend of $0.688 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.27%. Shell’s payout ratio is 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.