Altman Advisors Inc. Buys 349 Shares of Shell plc (NYSE:SHEL)

Altman Advisors Inc. increased its stake in Shell plc (NYSE:SHEL) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,544 shares of the energy company’s stock after purchasing an additional 349 shares during the period. Altman Advisors Inc.’s holdings in Shell were worth $1,553,000 as of its most recent SEC filing.

Other institutional 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 2nd quarter valued at $26,000. Fortitude Family Office LLC bought a new stake in shares of Shell during the 3rd quarter valued at $30,000. Triad Wealth Partners LLC bought a new stake in shares of Shell during the 2nd quarter valued at $31,000. Fairscale Capital LLC bought a new stake in shares of Shell during the 2nd quarter valued at $33,000. Finally, Valley Wealth Managers Inc. bought a new stake in shares of Shell during the 3rd quarter valued at $33,000. Institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SHEL has been the subject of several recent research reports. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Scotiabank lowered their price objective 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. Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Wells Fargo & Company upped their price objective on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Citigroup upgraded 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 issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Shell presently has a consensus rating of “Buy” and a consensus price target of $82.00.

Shell Price Performance

SHEL stock opened at $65.64 on Wednesday. The stock has a market cap of $203.19 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 1.96 and a beta of 0.56. The stock has a 50-day moving average price of $67.31 and a two-hundred day moving average price of $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 plc has a 1 year low of $60.34 and a 1 year high of $74.61.

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 issued a $0.688 dividend. This represents a $2.75 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Friday, November 15th. Shell’s payout ratio is 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.