Haverford Trust Co Cuts Holdings in Shell plc (NYSE:SHEL)

Haverford Trust Co lessened its stake in Shell plc (NYSE:SHEL) by 0.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 27,144 shares of the energy company’s stock after selling 171 shares during the quarter. Haverford Trust Co’s holdings in Shell were worth $1,790,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Rakuten Securities Inc. lifted its holdings in shares of Shell by 567.0% in the 3rd quarter. Rakuten Securities Inc. now owns 627 shares of the energy company’s stock worth $41,000 after acquiring an additional 533 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in Shell by 14.4% during the 3rd quarter. Apollon Wealth Management LLC now owns 22,030 shares of the energy company’s stock valued at $1,453,000 after buying an additional 2,766 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in Shell by 8.3% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 3,209 shares of the energy company’s stock valued at $212,000 after buying an additional 247 shares during the last quarter. Peregrine Asset Advisers Inc. raised its holdings in Shell by 19.8% in the 3rd quarter. Peregrine Asset Advisers Inc. now owns 6,819 shares of the energy company’s stock worth $450,000 after purchasing an additional 1,125 shares in the last quarter. Finally, Meritage Portfolio Management raised its holdings in Shell by 41.5% in the 3rd quarter. Meritage Portfolio Management now owns 68,954 shares of the energy company’s stock worth $4,548,000 after purchasing an additional 20,212 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shell stock opened at $65.49 on Thursday. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. The company has a market cap of $203.81 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.98 and a beta of 0.56. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average is $67.41 and its 200 day moving average is $70.23.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be paid a $0.688 dividend. This represents a $2.75 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio is currently 56.58%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Wolfe Research began coverage on shares of Shell in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Wells Fargo & Company increased their price objective on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Citigroup raised Shell to a “hold” rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. 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 data from MarketBeat, the stock presently has an average rating of “Buy” and an average 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.