Leavell Investment Management Inc. Sells 388 Shares of Shell plc (NYSE:SHEL)

Leavell Investment Management Inc. trimmed its position in Shell plc (NYSE:SHEL) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,922 shares of the energy company’s stock after selling 388 shares during the quarter. Leavell Investment Management Inc.’s holdings in Shell were worth $1,775,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC acquired a new position in Shell in the second quarter valued at approximately $26,000. Fortitude Family Office LLC bought a new position in shares of Shell in the 3rd quarter worth $30,000. Triad Wealth Partners LLC bought a new stake in Shell in the second quarter valued at about $31,000. Fairscale Capital LLC acquired a new position in Shell in the second quarter valued at about $33,000. Finally, GHP Investment Advisors Inc. grew its position in shares of Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after buying an additional 163 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research note on Friday, October 11th. Barclays upgraded Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Wolfe Research started coverage on Shell in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Shell has an average rating of “Buy” and a consensus target price of $82.00.

Shell Trading Down 2.3 %

NYSE:SHEL opened at $67.06 on Friday. The company has a market cap of $208.70 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 2.06 and a beta of 0.56. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61. The business has a 50 day moving average price of $67.64 and a two-hundred day moving average price of $70.38. 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 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 paid a $0.688 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 annualized dividend and a yield of 4.10%. Shell’s payout ratio is currently 56.58%.

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.