Eads & Heald Wealth Management Lowers Holdings in Shell plc (NYSE:SHEL)

Eads & Heald Wealth Management lowered its position in shares of Shell plc (NYSE:SHEL) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,039 shares of the energy company’s stock after selling 210 shares during the period. Eads & Heald Wealth Management’s holdings in Shell were worth $266,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in SHEL. Americana Partners LLC grew its stake in shares of Shell by 2.5% during the third quarter. Americana Partners LLC now owns 49,756 shares of the energy company’s stock worth $3,281,000 after acquiring an additional 1,237 shares during the last quarter. Caas Capital Management LP lifted its position in Shell by 7.4% during the 3rd quarter. Caas Capital Management LP now owns 29,000 shares of the energy company’s stock worth $1,913,000 after acquiring an additional 2,000 shares during the period. Lebenthal Global Advisors LLC increased its stake in shares of Shell by 16.1% in the third quarter. Lebenthal Global Advisors LLC now owns 9,276 shares of the energy company’s stock worth $612,000 after acquiring an additional 1,289 shares during the period. Stephens Inc. AR boosted its holdings in Shell by 3.5% in the third quarter. Stephens Inc. AR now owns 169,488 shares of the energy company’s stock valued at $11,178,000 after purchasing an additional 5,800 shares during the last quarter. Finally, Goldstone Financial Group LLC purchased a new position in shares of Shell during the 3rd quarter valued at about $329,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Stock Performance

Shares of NYSE:SHEL opened at $67.49 on Friday. The business’s 50 day moving average price is $68.08 and its 200-day moving average price is $70.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12. The firm has a market capitalization of $210.04 billion, a PE ratio of 13.89, a P/E/G ratio of 1.86 and a beta of 0.56. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.15. Shell had a net margin of 5.17% and a return on equity of 14.57%. The firm had revenue of $75.06 billion for the quarter, compared to the consensus estimate of $88.62 billion. During the same period last year, the firm posted $1.50 earnings per share. As a group, equities research analysts expect that Shell plc will post 8.45 earnings per share for the current fiscal year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be issued a $0.688 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.08%. Shell’s dividend payout ratio is presently 56.58%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Scotiabank dropped their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Barclays upgraded Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a report on Friday, October 11th. Finally, Wolfe Research assumed coverage on Shell in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Three equities 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price 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.