Leavell Investment Management Inc. Has $1.78 Million Holdings in Shell plc (NYSE:SHEL)

Leavell Investment Management Inc. trimmed its stake in Shell plc (NYSE:SHEL) by 1.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,922 shares of the energy company’s stock after selling 388 shares during the period. Leavell Investment Management Inc.’s holdings in Shell were worth $1,775,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its stake in Shell by 1,293.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,898 shares of the energy company’s stock valued at $462,000 after buying an additional 6,403 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Shell by 6.2% during the 1st quarter. Oppenheimer & Co. Inc. now owns 49,940 shares of the energy company’s stock worth $3,348,000 after purchasing an additional 2,932 shares during the last quarter. PFG Advisors boosted its stake in Shell by 14.0% during the 1st quarter. PFG Advisors now owns 4,255 shares of the energy company’s stock valued at $285,000 after purchasing an additional 524 shares during the period. KCM Investment Advisors LLC bought a new position in Shell in the 1st quarter worth approximately $383,000. Finally, Atomi Financial Group Inc. lifted its holdings in shares of Shell by 13.9% during the first quarter. Atomi Financial Group Inc. now owns 21,840 shares of the energy company’s stock worth $1,464,000 after buying an additional 2,662 shares during the last quarter. Institutional investors own 28.60% of the company’s stock.

Shell Trading Down 2.3 %

Shares of Shell stock opened at $67.06 on Friday. The stock has a market capitalization of $208.70 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 2.06 and a beta of 0.56. Shell plc has a 12-month low of $60.34 and a 12-month high of $74.61. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The company has a 50-day simple moving average of $67.64 and a 200 day simple moving average of $70.38.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be given a dividend of $0.688 per share. The ex-dividend date is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.10%. Shell’s dividend payout ratio (DPR) is presently 56.58%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Wolfe Research started coverage on shares of Shell in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Shell has a consensus rating of “Buy” and an average price target 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.