AlphaMark Advisors LLC Sells 250 Shares of Shell plc (NYSE:SHEL)

AlphaMark Advisors LLC trimmed its stake in Shell plc (NYSE:SHEL) by 19.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,008 shares of the energy company’s stock after selling 250 shares during the period. AlphaMark Advisors LLC’s holdings in Shell were worth $66,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Ellsworth Advisors LLC lifted its stake in shares of Shell by 18.4% in the 3rd quarter. Ellsworth Advisors LLC now owns 20,885 shares of the energy company’s stock valued at $1,377,000 after purchasing an additional 3,239 shares during the last quarter. Cardinal Capital Management lifted its stake in shares of Shell by 0.8% in the 3rd quarter. Cardinal Capital Management now owns 55,362 shares of the energy company’s stock valued at $3,651,000 after purchasing an additional 418 shares during the last quarter. Good Life Advisors LLC raised its holdings in shares of Shell by 11.9% in the third quarter. Good Life Advisors LLC now owns 4,368 shares of the energy company’s stock worth $288,000 after buying an additional 463 shares during the period. Naviter Wealth LLC raised its holdings in shares of Shell by 0.6% in the third quarter. Naviter Wealth LLC now owns 82,503 shares of the energy company’s stock worth $5,441,000 after buying an additional 501 shares during the period. Finally, Probity Advisors Inc. raised its holdings in shares of Shell by 3.7% in the third quarter. Probity Advisors Inc. now owns 6,409 shares of the energy company’s stock worth $423,000 after buying an additional 226 shares during the period. 28.60% of the stock is owned by institutional investors.

Shell Stock Down 0.4 %

Shares of NYSE SHEL opened at $67.04 on Friday. 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 stock has a market capitalization of $208.64 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 1.58 and a beta of 0.56. The stock’s fifty day simple moving average is $69.22 and its two-hundred day simple moving average is $70.87. Shell plc has a 12-month low of $60.34 and a 12-month high of $74.61.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.15. The business had revenue of $75.06 billion for the quarter, compared to analysts’ expectations of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same quarter last year, the firm earned $1.50 EPS. As a group, analysts expect that Shell plc will post 8.44 EPS for the current fiscal year.

Shell Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were given a dividend of $0.688 per share. The ex-dividend date was Friday, August 16th. This represents a $2.75 annualized dividend and a yield of 4.11%. Shell’s dividend payout ratio (DPR) is presently 49.11%.

Analyst Ratings Changes

Several brokerages have recently weighed in on SHEL. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Scotiabank reduced their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Berenberg Bank upgraded Shell to a “strong-buy” rating in a report on Monday, August 5th. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. Finally, Barclays upgraded Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. 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. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price 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.