Shell plc (NYSE:SHEL) Holdings Cut by Sigma Planning Corp

Sigma Planning Corp trimmed its stake in shares of Shell plc (NYSE:SHEL) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,367 shares of the energy company’s stock after selling 523 shares during the quarter. Sigma Planning Corp’s holdings in Shell were worth $684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Empyrean Capital Partners LP bought a new stake in shares of Shell during the second quarter valued at approximately $151,578,000. Price T Rowe Associates Inc. MD raised its stake in Shell by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock valued at $450,180,000 after acquiring an additional 772,736 shares in the last quarter. Raymond James & Associates grew its stake in shares of Shell by 65.7% in the second quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock worth $122,579,000 after purchasing an additional 673,624 shares in the last quarter. Senator Investment Group LP bought a new stake in shares of Shell during the first quarter valued at about $42,775,000. Finally, Mediolanum International Funds Ltd acquired a new stake in Shell in the third quarter worth about $37,274,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on SHEL shares. Wolfe Research started coverage on shares of Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research report on Monday, August 5th. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Three investment 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $82.00.

Shell Price Performance

NYSE SHEL opened at $65.79 on Friday. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61. The stock’s 50-day moving average price is $67.41 and its two-hundred day moving average price is $70.23. The company has a market cap of $204.75 billion, a PE ratio of 13.54, a PEG ratio of 1.98 and a beta of 0.56. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors 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 yield of 4.18%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio is 56.58%.

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.