Atria Investments Inc Has $3.99 Million Stock Position in Shell plc (NYSE:SHEL)

Atria Investments Inc cut its holdings in shares of Shell plc (NYSE:SHEL) by 17.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,425 shares of the energy company’s stock after selling 13,026 shares during the quarter. Atria Investments Inc’s holdings in Shell were worth $3,985,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SHEL. Dimensional Fund Advisors LP boosted its stake in shares of Shell by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company’s stock valued at $1,640,082,000 after purchasing an additional 96,549 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Shell by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock worth $450,180,000 after buying an additional 772,736 shares during the period. Westwood Global Investments LLC boosted its position in shares of Shell by 4.1% during the 2nd quarter. Westwood Global Investments LLC now owns 2,546,523 shares of the energy company’s stock worth $183,808,000 after purchasing an additional 100,379 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Shell by 6.4% in the second quarter. Envestnet Asset Management Inc. now owns 2,248,366 shares of the energy company’s stock valued at $162,287,000 after acquiring an additional 136,139 shares during the period. Finally, Empyrean Capital Partners LP acquired a new position in shares of Shell during the second quarter valued at about $151,578,000. 28.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Scotiabank lowered their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Citigroup raised shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Wolfe Research started coverage on Shell in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Wells Fargo & Company increased their price target on shares of Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $82.00.

Shell Trading Down 1.9 %

NYSE:SHEL opened at $65.57 on Wednesday. The business has a fifty day moving average price of $67.47 and a 200-day moving average price of $70.27. The firm has a market capitalization of $204.06 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 2.02 and a beta of 0.56. 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 plc has a one year low of $60.34 and a one year high of $74.61.

Shell Announces Dividend

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 given a dividend of $0.688 per share. The ex-dividend date is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.20%. Shell’s payout ratio is 56.58%.

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.