DRW Securities LLC Trims Position in Shell plc (NYSE:SHEL)

DRW Securities LLC lowered its position in Shell plc (NYSE:SHEL) by 8.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 35,850 shares of the energy company’s stock after selling 3,150 shares during the quarter. DRW Securities LLC’s holdings in Shell were worth $2,364,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hobbs Group Advisors LLC bought a new position in shares of Shell during the second quarter worth $26,000. Triad Wealth Partners LLC bought a new position in shares of Shell during the 2nd quarter valued at about $31,000. Fairscale Capital LLC purchased a new position in shares of Shell during the second quarter valued at about $33,000. Fortitude Family Office LLC purchased a new stake in shares of Shell in the third quarter worth about $30,000. Finally, Valley Wealth Managers Inc. bought a new position in Shell during the third quarter valued at approximately $33,000. 28.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SHEL shares. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research report on Monday, August 5th. Scotiabank reduced their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Barclays raised Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. Finally, Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $82.00.

Shell Stock Performance

Shares of Shell stock opened at $66.03 on Monday. Shell plc has a 52 week low of $60.34 and a 52 week high of $74.61. The company has a market capitalization of $204.39 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 1.98 and a beta of 0.56. The stock’s fifty day moving average is $67.25 and its two-hundred day moving average is $69.90. 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be issued a dividend of $0.688 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.17%. Shell’s 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.