Quotient Wealth Partners LLC Has $247,000 Holdings in Shell plc (NYSE:SHEL)

Quotient Wealth Partners LLC reduced its position in shares of Shell plc (NYSE:SHEL) by 16.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,750 shares of the energy company’s stock after selling 712 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Shell were worth $247,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC bought a new stake in shares of Shell in the 2nd quarter valued at about $26,000. Beaird Harris Wealth Management LLC raised its stake in Shell by 611.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock valued at $29,000 after buying an additional 385 shares during the period. Triad Wealth Partners LLC acquired a new stake in shares of Shell in the second quarter valued at approximately $31,000. Fairscale Capital LLC acquired a new position in shares of Shell during the 2nd quarter worth approximately $33,000. Finally, Fairman Group LLC bought a new stake in Shell in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Down 0.5 %

Shares of NYSE SHEL opened at $68.50 on Friday. The company has a market cap of $214.46 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.57 and a beta of 0.56. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average price of $69.58 and a two-hundred day moving average price of $70.86. Shell plc has a 12 month low of $60.34 and a 12 month high of $74.61.

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

Shell Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were issued a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Friday, August 16th. Shell’s dividend payout ratio (DPR) is currently 49.11%.

Analyst Upgrades and Downgrades

SHEL has been the topic of a number of research reports. Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Citigroup upgraded shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Wolfe Research assumed coverage on Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Scotiabank lowered their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.00.

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.