Atomi Financial Group Inc. Sells 2,139 Shares of Shell plc (NYSE:SHEL)

Atomi Financial Group Inc. cut its position in Shell plc (NYSE:SHEL) by 7.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 26,562 shares of the energy company’s stock after selling 2,139 shares during the quarter. Atomi Financial Group Inc.’s holdings in Shell were worth $1,752,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. United Community Bank raised its position in shares of Shell by 4.4% during the first quarter. United Community Bank now owns 3,315 shares of the energy company’s stock worth $222,000 after purchasing an additional 139 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of Shell by 1.3% in the second quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock valued at $801,000 after buying an additional 142 shares in the last quarter. Marcum Wealth LLC increased its position in shares of Shell by 3.7% during the first quarter. Marcum Wealth LLC now owns 4,223 shares of the energy company’s stock worth $283,000 after acquiring an additional 150 shares in the last quarter. Lester Murray Antman dba SimplyRich raised its holdings in shares of Shell by 0.6% in the 1st quarter. Lester Murray Antman dba SimplyRich now owns 26,743 shares of the energy company’s stock worth $1,793,000 after acquiring an additional 153 shares during the last quarter. Finally, Sax Wealth Advisors LLC lifted its position in Shell by 4.1% in the 2nd quarter. Sax Wealth Advisors LLC now owns 4,086 shares of the energy company’s stock valued at $295,000 after acquiring an additional 162 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

SHEL has been the topic of a number of recent research reports. Wells Fargo & Company raised their target price on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research note on Monday, August 5th. Wolfe Research initiated coverage on shares of Shell in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Finally, Scotiabank dropped their target price on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.50.

Shell Stock Down 2.8 %

SHEL opened at $68.27 on Wednesday. The company’s 50-day moving average price is $69.82 and its two-hundred day moving average price is $70.89. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61. The stock has a market cap of $213.74 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 1.56 and a beta of 0.56.

Shell (NYSE:SHEL) last released its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. The business had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same period last year, the business posted $1.50 earnings per share. As a group, equities analysts expect that Shell plc will post 8.44 earnings per share for the current year.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were paid a $0.688 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 4.03%. Shell’s payout ratio is 50.74%.

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 to deliver gas to market.