Adero Partners LLC Buys New Stake in Shell plc (NYSE:SHEL)

Adero Partners LLC purchased a new position in Shell plc (NYSE:SHEL) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,069 shares of the energy company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. First Horizon Advisors Inc. grew its position in Shell by 1.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock worth $801,000 after purchasing an additional 142 shares during the last quarter. Lester Murray Antman dba SimplyRich lifted its holdings in shares of Shell by 0.6% during the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 26,901 shares of the energy company’s stock worth $1,941,000 after acquiring an additional 158 shares during the period. Procyon Advisors LLC lifted its holdings in shares of Shell by 3.2% during the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock worth $335,000 after acquiring an additional 159 shares during the period. Sax Wealth Advisors LLC lifted its holdings in shares of Shell by 4.1% during the 2nd quarter. Sax Wealth Advisors LLC now owns 4,086 shares of the energy company’s stock worth $295,000 after acquiring an additional 162 shares during the period. Finally, GHP Investment Advisors Inc. lifted its holdings 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 acquiring an additional 163 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Trading Down 0.5 %

Shares of NYSE SHEL opened at $65.47 on Monday. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61. The company has a 50-day moving average of $67.33 and a two-hundred day moving average of $70.14. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a market cap of $203.75 billion, a PE ratio of 13.47, a P/E/G ratio of 1.97 and a beta of 0.56.

Shell Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. Citigroup raised shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Wells Fargo & Company lifted their price target on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Three investment 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 stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target 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.