Key Client Fiduciary Advisors LLC Decreases Holdings in Shell plc (NYSE:SHEL)

Key Client Fiduciary Advisors LLC lessened its holdings in shares of Shell plc (NYSE:SHEL) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,507 shares of the energy company’s stock after selling 168 shares during the period. Key Client Fiduciary Advisors LLC’s holdings in Shell were worth $297,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Hobbs Group Advisors LLC acquired a new position in Shell in the 2nd quarter valued at about $26,000. Triad Wealth Partners LLC purchased a new stake in Shell during the second quarter worth about $31,000. Fairscale Capital LLC acquired a new stake in Shell in the second quarter valued at $33,000. LRI Investments LLC increased its position in Shell by 3,856.3% during the 2nd quarter. LRI Investments LLC now owns 633 shares of the energy company’s stock worth $46,000 after purchasing an additional 617 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Shell in the 2nd quarter valued at $49,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

NYSE:SHEL traded down $0.30 during mid-day trading on Friday, reaching $67.04. 2,336,306 shares of the company’s stock were exchanged, compared to its average volume of 4,161,398. The firm has a market capitalization of $208.64 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 1.58 and a beta of 0.56. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. Shell plc has a one year low of $60.34 and a one year high of $74.61. The business’s fifty day simple moving average is $69.22 and its two-hundred day simple moving average is $70.86.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. The firm had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same period in the previous year, the firm posted $1.50 EPS. Analysts anticipate that Shell plc will post 8.44 earnings per share for the current fiscal year.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were issued a $0.688 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 4.11%. Shell’s dividend payout ratio is currently 49.11%.

Analyst Ratings Changes

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