Oxbow Advisors LLC Sells 8,550 Shares of Shell plc (NYSE:SHEL)

Oxbow Advisors LLC lessened its holdings in shares of Shell plc (NYSE:SHEL) by 71.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,490 shares of the energy company’s stock after selling 8,550 shares during the period. Oxbow Advisors LLC’s holdings in Shell were worth $230,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SHEL. Allspring Global Investments Holdings LLC grew its holdings in Shell by 1,293.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,898 shares of the energy company’s stock worth $462,000 after acquiring an additional 6,403 shares during the period. Oppenheimer & Co. Inc. grew its holdings in 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 acquiring an additional 2,932 shares during the period. PFG Advisors grew its holdings in Shell by 14.0% during the 1st quarter. PFG Advisors now owns 4,255 shares of the energy company’s stock worth $285,000 after acquiring an additional 524 shares during the period. KCM Investment Advisors LLC acquired a new position in shares of Shell in the 1st quarter valued at $383,000. Finally, Atomi Financial Group Inc. grew its holdings in shares of Shell by 13.9% in the 1st quarter. Atomi Financial Group Inc. now owns 21,840 shares of the energy company’s stock valued at $1,464,000 after buying an additional 2,662 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Trading Down 2.3 %

Shares of NYSE:SHEL opened at $67.06 on Friday. The company’s 50-day moving average price is $67.64 and its two-hundred day moving average price is $70.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. 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 $208.70 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 2.06 and a beta of 0.56.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders 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 yield of 4.10%. Shell’s dividend payout ratio (DPR) is presently 56.58%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company boosted 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. Wolfe Research assumed coverage on shares of Shell in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Citigroup raised shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $82.00.

About Shell

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.