Shell plc (NYSE:SHEL) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its stake in Shell plc (NYSE:SHEL) by 2.5% in the third quarter, Holdings Channel.com reports. The firm owned 169,509 shares of the energy company’s stock after selling 4,397 shares during the quarter. D.A. Davidson & CO.’s holdings in Shell were worth $11,179,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC increased its stake in Shell by 5.2% during the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock worth $4,306,465,000 after acquiring an additional 3,255,347 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in Shell by 1.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 85,626 shares of the energy company’s stock worth $5,647,000 after purchasing an additional 1,333 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Shell in the third quarter valued at approximately $2,305,000. Davis R M Inc. grew its stake in Shell by 64.1% during the third quarter. Davis R M Inc. now owns 10,040 shares of the energy company’s stock worth $662,000 after buying an additional 3,920 shares during the period. Finally, Fisher Asset Management LLC increased its position in shares of Shell by 2.1% in the third quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after acquiring an additional 507,311 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Ratings Changes

SHEL has been the subject of a number of research reports. Scotiabank decreased their price target 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. Citigroup upgraded Shell to a “hold” rating in a report on Wednesday, October 2nd. Barclays upgraded shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company raised their target price on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $82.00.

Shell Stock Performance

Shares of SHEL stock opened at $64.79 on Wednesday. The company’s 50-day simple moving average is $67.19 and its 200-day simple moving average is $69.84. Shell plc has a one year low of $60.34 and a one year high of $74.61. The stock has a market capitalization of $200.54 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 1.95 and a beta of 0.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be issued a $0.688 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.25%. Shell’s dividend payout ratio (DPR) is 56.58%.

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.