Shell plc (NYSE:SHEL) Shares Sold by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC trimmed its holdings in shares of Shell plc (NYSE:SHEL) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 179,259 shares of the energy company’s stock after selling 2,919 shares during the quarter. Shell accounts for about 2.2% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 17th biggest position. Euro Pacific Asset Management LLC’s holdings in Shell were worth $11,935,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SHEL. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research note on Monday, August 5th. Wells Fargo & Company lifted their price target on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Barclays upgraded Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Citigroup upgraded Shell to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Scotiabank lowered their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Shell has an average rating of “Buy” and an average target price of $82.00.

Shell Trading Up 0.6 %

NYSE:SHEL opened at $65.48 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.40 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 company’s 50 day moving average is $67.33 and its 200-day moving average is $70.15. The firm has a market cap of $203.78 billion, a price-to-earnings ratio of 13.47, a P/E/G ratio of 1.97 and a beta of 0.56.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be paid a dividend of $0.688 per share. The ex-dividend date is Friday, November 15th. This represents a $2.75 annualized dividend and a yield of 4.20%. Shell’s dividend payout ratio is 56.58%.

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.