Roman Butler Fullerton & Co. Sells 333 Shares of Shell plc (NYSE:SHEL)

Roman Butler Fullerton & Co. lowered its position in Shell plc (NYSE:SHEL) by 9.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,161 shares of the energy company’s stock after selling 333 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Shell were worth $209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SHEL. Hobbs Group Advisors LLC bought a new position in Shell in the second quarter worth approximately $26,000. Fortitude Family Office LLC purchased a new stake in Shell during the third quarter worth $30,000. Triad Wealth Partners LLC purchased a new stake in Shell during the second quarter worth $31,000. Fairscale Capital LLC purchased a new stake in Shell during the second quarter worth $33,000. Finally, GHP Investment Advisors Inc. lifted its holdings 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 during the period. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

NYSE SHEL opened at $67.74 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The stock’s fifty day moving average price is $67.97 and its 200 day moving average price is $70.49. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61. The company has a market cap of $210.82 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 1.86 and a beta of 0.56.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be given a $0.688 dividend. This represents a $2.75 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s payout ratio is 56.58%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Citigroup upgraded Shell to a “hold” rating in a report on Wednesday, October 2nd. Barclays upgraded Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Scotiabank lowered their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Finally, Wolfe Research initiated coverage on Shell in a report on Thursday, July 18th. They set a “peer perform” rating for the company. 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price 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.