Axxcess Wealth Management LLC Has $399,000 Stock Holdings in Shell plc (NYSE:SHEL)

Axxcess Wealth Management LLC decreased its holdings in Shell plc (NYSE:SHEL) by 27.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,056 shares of the energy company’s stock after selling 2,252 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Shell were worth $399,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SHEL. First Horizon Advisors Inc. grew its stake in shares of Shell by 1.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock worth $801,000 after acquiring an additional 142 shares in the last quarter. Lester Murray Antman dba SimplyRich grew its position in Shell by 0.6% during the second quarter. Lester Murray Antman dba SimplyRich now owns 26,901 shares of the energy company’s stock valued at $1,941,000 after buying an additional 158 shares during the period. Procyon Advisors LLC grew its position in Shell by 3.2% during the third quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock valued at $335,000 after buying an additional 159 shares during the period. Sax Wealth Advisors LLC grew its position in Shell by 4.1% during the second quarter. Sax Wealth Advisors LLC now owns 4,086 shares of the energy company’s stock valued at $295,000 after buying an additional 162 shares during the period. Finally, GHP Investment Advisors Inc. grew its position in Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after buying an additional 163 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

SHEL opened at $65.49 on Thursday. The stock’s 50-day moving average price is $67.41 and its 200 day moving average price is $70.23. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. Shell plc has a 12-month low of $60.34 and a 12-month high of $74.61. The firm has a market cap of $203.81 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.98 and a beta of 0.56.

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 15th will be paid 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 yield of 4.20%. Shell’s dividend payout ratio is presently 56.58%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SHEL. Citigroup upgraded shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Berenberg Bank raised Shell to a “strong-buy” rating in a research report on Monday, August 5th. Wells Fargo & Company lifted their price target on Shell from $84.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Scotiabank decreased their target price 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. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Shell currently has an average rating of “Buy” and a consensus price target of $82.00.

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.