Tranquility Partners LLC Sells 182 Shares of Shell plc (NYSE:SHEL)

Tranquility Partners LLC decreased its position in Shell plc (NYSE:SHEL) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,089 shares of the energy company’s stock after selling 182 shares during the period. Tranquility Partners LLC’s holdings in Shell were worth $270,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of SHEL. Empyrean Capital Partners LP purchased a new position in shares of Shell in the 2nd quarter worth about $151,578,000. Price T Rowe Associates Inc. MD boosted its holdings in Shell by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock worth $450,180,000 after buying an additional 772,736 shares during the period. Raymond James & Associates grew its position in shares of Shell by 65.7% in the second quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock valued at $122,579,000 after purchasing an additional 673,624 shares in the last quarter. Senator Investment Group LP purchased a new position in Shell during the 1st quarter valued at about $42,775,000. Finally, Mediolanum International Funds Ltd bought a new stake in Shell during the 3rd quarter worth approximately $37,274,000. Institutional investors own 28.60% of the company’s stock.

Shell Stock Down 0.8 %

SHEL opened at $65.78 on Wednesday. The company has a market cap of $203.62 billion, a P/E ratio of 13.53, a P/E/G ratio of 1.96 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 business’s 50-day moving average price is $67.31 and its 200-day moving average price is $70.09. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders 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 dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio (DPR) is presently 56.58%.

Analyst Ratings Changes

SHEL has been the topic of several research analyst reports. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. Barclays raised Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company raised their target price on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Citigroup raised shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Finally, 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. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $82.00.

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.