Ashton Thomas Securities LLC Sells 2,936 Shares of Shell plc (NYSE:SHEL)

Ashton Thomas Securities LLC cut its position in shares of Shell plc (NYSE:SHEL) by 76.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 889 shares of the energy company’s stock after selling 2,936 shares during the period. Ashton Thomas Securities LLC’s holdings in Shell were worth $59,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SHEL. Hobbs Group Advisors LLC acquired a new position in shares of Shell in the second quarter valued at $26,000. Fortitude Family Office LLC acquired a new position in Shell in the 3rd quarter valued at about $30,000. Triad Wealth Partners LLC acquired a new stake in Shell during the second quarter worth approximately $31,000. Fairscale Capital LLC bought a new stake in shares of Shell during the second quarter worth approximately $33,000. Finally, GHP Investment Advisors Inc. increased its stake in shares of 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 purchasing an additional 163 shares during the period. 28.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wolfe Research assumed coverage on Shell in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Scotiabank decreased their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Wells Fargo & Company lifted their price target on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Three 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. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $82.00.

Shell Price Performance

Shell stock opened at $65.49 on Thursday. The stock has a fifty day moving average of $67.41 and a 200-day moving average of $70.23. The stock has a market capitalization of $203.81 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 1.98 and a beta of 0.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. Shell plc has a 52 week low of $60.34 and a 52 week high of $74.61.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be paid a $0.688 dividend. The ex-dividend date of this dividend 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 currently 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.