Dearborn Partners LLC Sells 244 Shares of Shell plc (NYSE:SHEL)

Dearborn Partners LLC decreased its position in Shell plc (NYSE:SHEL) by 3.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,849 shares of the energy company’s stock after selling 244 shares during the period. Dearborn Partners LLC’s holdings in Shell were worth $518,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. OneDigital Investment Advisors LLC raised its position in Shell by 2.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,889 shares of the energy company’s stock worth $520,000 after buying an additional 196 shares during the last quarter. Schulhoff & Co. Inc. lifted its position in Shell by 2.7% during the third quarter. Schulhoff & Co. Inc. now owns 10,367 shares of the energy company’s stock valued at $684,000 after purchasing an additional 275 shares during the period. Pinnacle Financial Partners Inc boosted its holdings in Shell by 0.3% in the third quarter. Pinnacle Financial Partners Inc now owns 143,679 shares of the energy company’s stock worth $9,476,000 after purchasing an additional 481 shares during the last quarter. Rakuten Securities Inc. raised its stake in Shell by 567.0% during the 3rd quarter. Rakuten Securities Inc. now owns 627 shares of the energy company’s stock valued at $41,000 after buying an additional 533 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its stake in shares of Shell by 14.4% in the 3rd quarter. Apollon Wealth Management LLC now owns 22,030 shares of the energy company’s stock worth $1,453,000 after buying an additional 2,766 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research report on Friday, October 11th. Wells Fargo & Company raised their price objective on Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Finally, Barclays raised shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Three 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. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $82.00.

Shell Stock Up 0.6 %

Shares of SHEL stock opened at $65.48 on Friday. The stock has a market cap of $203.78 billion, a P/E ratio of 13.47, a PEG ratio of 1.97 and a beta of 0.56. The company’s fifty day simple moving average is $67.33 and its two-hundred day simple moving average is $70.15. 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 plc has a 52 week low of $60.34 and a 52 week high of $74.61.

Shell Dividend Announcement

The firm also recently announced 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. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio (DPR) is presently 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.