Lmcg Investments LLC Cuts Stake in Shell plc (NYSE:SHEL)

Lmcg Investments LLC trimmed its position in shares of Shell plc (NYSE:SHEL) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 154,337 shares of the energy company’s stock after selling 2,673 shares during the quarter. Lmcg Investments LLC’s holdings in Shell were worth $10,179,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. United Community Bank boosted its holdings in shares of Shell by 4.4% during the 1st quarter. United Community Bank now owns 3,315 shares of the energy company’s stock valued at $222,000 after acquiring an additional 139 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Shell by 1.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock valued at $801,000 after acquiring an additional 142 shares during the last quarter. Lester Murray Antman dba SimplyRich boosted its holdings in shares of Shell by 0.6% during the 1st quarter. Lester Murray Antman dba SimplyRich now owns 26,743 shares of the energy company’s stock valued at $1,793,000 after acquiring an additional 153 shares during the last quarter. Procyon Advisors LLC boosted its holdings in shares of Shell by 3.2% during the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock valued at $335,000 after acquiring an additional 159 shares during the last quarter. Finally, Sax Wealth Advisors LLC boosted its holdings in shares of Shell by 4.1% during the 2nd quarter. Sax Wealth Advisors LLC now owns 4,086 shares of the energy company’s stock valued at $295,000 after acquiring an additional 162 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Price Performance

Shares of SHEL stock traded down $0.06 on Friday, reaching $67.49. The company’s stock had a trading volume of 8,591,310 shares, compared to its average volume of 4,063,998. The stock’s fifty day simple moving average is $68.08 and its 200-day simple moving average is $70.52. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $210.04 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 1.86 and a beta of 0.56.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.82 by $0.15. Shell had a net margin of 5.17% and a return on equity of 14.57%. The company had revenue of $75.06 billion during the quarter, compared to analyst estimates of $88.62 billion. During the same period in the previous year, the firm earned $1.50 earnings per share. Analysts forecast that Shell plc will post 8.45 earnings per share for the current fiscal year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be given a dividend of $0.688 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.08%. Shell’s dividend payout ratio (DPR) is 56.58%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SHEL. Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Scotiabank decreased their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company increased their price objective on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Shell currently has an average rating of “Buy” and a consensus 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.