Farther Finance Advisors LLC Purchases 756 Shares of Shell plc (NYSE:SHEL)

Farther Finance Advisors LLC raised its position in shares of Shell plc (NYSE:SHEL) by 9.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,706 shares of the energy company’s stock after purchasing an additional 756 shares during the quarter. Farther Finance Advisors LLC’s holdings in Shell were worth $574,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Hobbs Group Advisors LLC bought a new stake in shares of Shell during the 2nd quarter valued at about $26,000. Fortitude Family Office LLC bought a new stake in shares of Shell during the 3rd quarter valued at about $30,000. Triad Wealth Partners LLC bought a new stake in shares of Shell during the 2nd quarter valued at about $31,000. Fairscale Capital LLC bought a new position in shares of Shell during the 2nd quarter valued at approximately $33,000. Finally, GHP Investment Advisors Inc. grew its stake in shares of Shell by 40.8% during the 3rd 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 period. 28.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SHEL shares. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research note on Friday, October 11th. Scotiabank cut their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company boosted their price objective on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Wolfe Research started coverage on Shell in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, Barclays upgraded Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. 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. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $82.00.

Shell Stock Up 0.7 %

Shares of SHEL opened at $68.22 on Wednesday. The stock has a market capitalization of $212.31 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 1.86 and a beta of 0.56. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61. The business’s 50 day simple moving average is $67.88 and its 200-day simple moving average is $70.47. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.688 per share. The ex-dividend date is Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.03%. Shell’s dividend payout ratio (DPR) is 56.58%.

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.