Horan Capital Advisors LLC. Trims Stock Holdings in Shell plc (NYSE:SHEL)

Horan Capital Advisors LLC. cut its position in Shell plc (NYSE:SHEL) by 1.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,128 shares of the energy company’s stock after selling 582 shares during the period. Horan Capital Advisors LLC.’s holdings in Shell were worth $2,515,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of SHEL. Dimensional Fund Advisors LP lifted its holdings in Shell by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company’s stock valued at $1,640,082,000 after acquiring an additional 96,549 shares during the period. Price T Rowe Associates Inc. MD grew its position in Shell by 13.0% during the first 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 buying an additional 772,736 shares during the period. Mawer Investment Management Ltd. raised its position in shares of Shell by 8.7% in the third quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock worth $348,405,000 after acquiring an additional 422,329 shares during the period. Westwood Global Investments LLC raised its holdings in Shell by 4.1% in the 2nd quarter. Westwood Global Investments LLC now owns 2,546,523 shares of the energy company’s stock worth $183,808,000 after purchasing an additional 100,379 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Shell by 6.4% in the second quarter. Envestnet Asset Management Inc. now owns 2,248,366 shares of the energy company’s stock valued at $162,287,000 after purchasing an additional 136,139 shares during the period. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SHEL has been the topic of a number of recent analyst reports. Scotiabank decreased their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Wells Fargo & Company boosted their target price on shares of Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Citigroup upgraded Shell to a “hold” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a report on Friday, October 11th. Finally, Barclays upgraded Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $82.00.

Shell Price Performance

NYSE:SHEL opened at $66.33 on Tuesday. Shell plc has a one year low of $60.34 and a one year high of $74.61. The stock has a market cap of $205.31 billion, a PE ratio of 13.65, a P/E/G ratio of 1.96 and a beta of 0.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The stock has a 50 day moving average price of $67.33 and a 200 day moving average price of $70.13.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be issued 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 4.15%. Shell’s dividend payout ratio is presently 56.58%.

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.