Shell plc (NYSE:SHEL) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC cut its stake in Shell plc (NYSE:SHEL) by 6.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,266 shares of the energy company’s stock after selling 302 shares during the period. Diversify Advisory Services LLC’s holdings in Shell were worth $286,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Hobbs Group Advisors LLC acquired a new stake in shares of Shell in the second quarter worth approximately $26,000. Fortitude Family Office LLC acquired a new stake in shares of Shell in the third quarter worth approximately $30,000. Triad Wealth Partners LLC acquired a new position in Shell during the second quarter valued at approximately $31,000. Fairscale Capital LLC purchased a new stake in Shell during the second quarter worth approximately $33,000. Finally, GHP Investment Advisors Inc. grew its stake in Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after buying an additional 163 shares during the period. 28.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Scotiabank decreased their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Barclays upgraded shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada upgraded shares of 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 issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $82.00.

Shell Trading Up 3.1 %

SHEL opened at $67.60 on Friday. The stock has a market capitalization of $210.38 billion, a PE ratio of 12.47, a P/E/G ratio of 1.84 and a beta of 0.56. The firm’s fifty day moving average price is $68.25 and its 200 day moving average price is $70.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12. Shell plc has a 12-month low of $60.34 and a 12-month high of $74.61.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.15. The firm had revenue of $75.06 billion for the quarter, compared to analysts’ expectations of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same period in the prior year, the company posted $1.50 earnings per share. As a group, research analysts expect that Shell plc will post 8.45 EPS for the current fiscal year.

About Shell

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.