Altman Advisors Inc. Has $1.55 Million Position in Shell plc (NYSE:SHEL)

Altman Advisors Inc. grew its holdings in Shell plc (NYSE:SHEL) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,544 shares of the energy company’s stock after purchasing an additional 349 shares during the quarter. Altman Advisors Inc.’s holdings in Shell were worth $1,553,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. First Horizon Advisors Inc. grew its position in shares of Shell by 1.3% in the second quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock valued at $801,000 after purchasing an additional 142 shares during the last quarter. Lester Murray Antman dba SimplyRich grew its position in shares of Shell by 0.6% in the second quarter. Lester Murray Antman dba SimplyRich now owns 26,901 shares of the energy company’s stock valued at $1,941,000 after purchasing an additional 158 shares during the last quarter. Procyon Advisors LLC grew its position in Shell by 3.2% during the third quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock worth $335,000 after buying an additional 159 shares in the last quarter. Sax Wealth Advisors LLC grew its position in Shell by 4.1% during the second quarter. Sax Wealth Advisors LLC now owns 4,086 shares of the energy company’s stock worth $295,000 after buying an additional 162 shares in the last quarter. Finally, GHP Investment Advisors Inc. grew its position in Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after buying an additional 163 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Stock Performance

NYSE:SHEL opened at $65.64 on Wednesday. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61. The firm has a 50 day moving average of $67.31 and a 200-day moving average of $70.09. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $203.19 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 1.96 and a beta of 0.56.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be paid a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio (DPR) is currently 56.58%.

Analyst Ratings Changes

A number of research firms recently weighed in on SHEL. Berenberg Bank raised Shell to a “strong-buy” rating in a research report on Monday, August 5th. Scotiabank decreased their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Royal Bank of Canada raised Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Finally, Barclays raised 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 given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Shell has an average 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.