Shell plc (NYSE:SHEL) Holdings Decreased by Moran Wealth Management LLC

Moran Wealth Management LLC lowered its position in Shell plc (NYSE:SHEL) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,109 shares of the energy company’s stock after selling 588 shares during the quarter. Moran Wealth Management LLC’s holdings in Shell were worth $2,301,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. McClarren Financial Advisors Inc. purchased a new position in Shell in the second quarter valued at about $30,000. America First Investment Advisors LLC bought a new stake in shares of Shell during the 1st quarter worth about $32,000. Venturi Wealth Management LLC bought a new stake in shares of Shell during the 1st quarter worth about $32,000. Graham Capital Wealth Management LLC bought a new stake in shares of Shell during the 1st quarter worth about $353,296,000. Finally, Larson Financial Group LLC boosted its stake in shares of Shell by 50.2% during the 1st quarter. Larson Financial Group LLC now owns 739 shares of the energy company’s stock worth $43,000 after acquiring an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 9.23% of the company’s stock.

Shell Price Performance

NYSE SHEL opened at $66.69 on Tuesday. Shell plc has a twelve month low of $52.47 and a twelve month high of $68.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.17 and a current ratio of 1.48. The stock has a market capitalization of $221.62 billion, a PE ratio of 7.90, a P/E/G ratio of 0.84 and a beta of 0.63. The stock has a 50-day simple moving average of $65.65 and a 200 day simple moving average of $62.41.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, November 17th will be issued a $0.662 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.65 annualized dividend and a yield of 3.97%. Shell’s dividend payout ratio (DPR) is 31.28%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada decreased their price target on Shell from 28.00 to 27.00 and set an “outperform” rating for the company in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $1,806.20.

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 necessary to deliver gas to market.