Adero Partners LLC Takes $202,000 Position in Shell plc (NYSE:SHEL)

Adero Partners LLC acquired a new stake in Shell plc (NYSE:SHEL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,069 shares of the energy company’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hobbs Group Advisors LLC bought a new stake in Shell during the second quarter worth approximately $26,000. Triad Wealth Partners LLC purchased a new stake in shares of Shell in the 2nd quarter valued at approximately $31,000. Fairscale Capital LLC purchased a new stake in shares of Shell in the 2nd quarter valued at approximately $33,000. Fortitude Family Office LLC purchased a new stake in shares of Shell in the 3rd quarter valued at approximately $30,000. Finally, Valley Wealth Managers Inc. purchased a new stake in shares of Shell in the 3rd quarter valued at approximately $33,000. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Down 0.5 %

Shell stock opened at $65.47 on Monday. The company has a market capitalization of $203.75 billion, a P/E ratio of 13.47, a P/E/G ratio of 1.97 and a beta of 0.56. The firm’s fifty day simple moving average is $67.33 and its 200-day simple moving average is $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. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be paid a $0.688 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.20%. Shell’s payout ratio is presently 56.58%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Scotiabank cut their target price 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. Finally, Citigroup upgraded shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $82.00.

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.