Boston Partners Lowers Holdings in Shell plc (NYSE:SHEL)

Boston Partners trimmed its position in Shell plc (NYSE:SHEL) by 7.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,066,832 shares of the energy company’s stock after selling 85,079 shares during the period. Boston Partners’ holdings in Shell were worth $64,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. HCR Wealth Advisors purchased a new position in Shell in the 2nd quarter valued at $216,000. US Bancorp DE grew its position in Shell by 0.9% in the 2nd quarter. US Bancorp DE now owns 318,115 shares of the energy company’s stock valued at $19,208,000 after buying an additional 2,702 shares during the last quarter. Nwam LLC grew its position in Shell by 24.5% in the 2nd quarter. Nwam LLC now owns 10,977 shares of the energy company’s stock valued at $663,000 after buying an additional 2,161 shares during the last quarter. Checchi Capital Advisers LLC lifted its holdings in Shell by 24.7% in the second quarter. Checchi Capital Advisers LLC now owns 19,917 shares of the energy company’s stock valued at $1,203,000 after acquiring an additional 3,947 shares during the period. Finally, Meitav Investment House Ltd. acquired a new stake in Shell in the second quarter valued at $1,674,000. 9.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reduced their target price on Shell from 28.00 to 27.00 and set an “outperform” rating for the company in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $1,806.20.

Shell Trading Up 2.0 %

NYSE:SHEL opened at $65.87 on Friday. The company has a market capitalization of $218.89 billion, a PE ratio of 7.80, a price-to-earnings-growth ratio of 0.84 and a beta of 0.63. The company has a quick ratio of 1.17, a current ratio of 1.48 and a debt-to-equity ratio of 0.37. Shell plc has a 52-week low of $52.47 and a 52-week high of $68.74. The stock has a fifty day simple moving average of $65.53 and a 200-day simple moving average of $62.27.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.662 per share. This represents a $2.65 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Thursday, November 16th. Shell’s dividend payout ratio (DPR) is presently 31.40%.

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 necessary to deliver gas to market.