Shell plc (NYSE:SHEL) Shares Sold by Zions Bancorporation N.A.

Zions Bancorporation N.A. decreased its stake in Shell plc (NYSE:SHEL) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,443 shares of the energy company’s stock after selling 161 shares during the period. Zions Bancorporation N.A.’s holdings in Shell were worth $227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hobbs Group Advisors LLC purchased a new position in Shell during the 2nd quarter valued at about $26,000. Fortitude Family Office LLC purchased a new stake in Shell in the 3rd quarter valued at approximately $30,000. Triad Wealth Partners LLC acquired a new stake in Shell during the 2nd quarter valued at $31,000. Fairscale Capital LLC acquired a new position in shares of Shell in the second quarter worth $33,000. Finally, GHP Investment Advisors Inc. boosted its stake in shares of Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after acquiring an additional 163 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Up 0.6 %

Shares of NYSE:SHEL opened at $65.48 on Friday. The company has a market capitalization of $203.78 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 1.97 and a beta of 0.56. The company has a 50 day moving average of $67.33 and a two-hundred day moving average of $70.15. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61.

Shell Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Barclays upgraded shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Berenberg Bank upgraded Shell to a “strong-buy” rating in a report on Monday, August 5th. Wells Fargo & Company raised their price objective on Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, Scotiabank reduced 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. Three analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target 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.