Lmcg Investments LLC Reduces Holdings in Shell plc (NYSE:SHEL)

Lmcg Investments LLC decreased its holdings in shares of Shell plc (NYSE:SHEL) by 1.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 154,337 shares of the energy company’s stock after selling 2,673 shares during the period. Lmcg Investments LLC’s holdings in Shell were worth $10,179,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in Shell by 0.4% in 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 buying an additional 96,549 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Shell by 13.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock valued at $450,180,000 after buying an additional 772,736 shares during the last quarter. Westwood Global Investments LLC boosted its position in Shell by 4.1% in the second quarter. Westwood Global Investments LLC now owns 2,546,523 shares of the energy company’s stock valued at $183,808,000 after buying an additional 100,379 shares during the last quarter. Envestnet Asset Management Inc. boosted its position 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 buying an additional 136,139 shares during the last quarter. Finally, Mondrian Investment Partners LTD boosted its position in Shell by 83.2% in the first quarter. Mondrian Investment Partners LTD now owns 2,187,872 shares of the energy company’s stock valued at $146,675,000 after buying an additional 993,342 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Citigroup raised Shell to a “hold” rating in a report on Wednesday, October 2nd. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research report on Monday, August 5th. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research report on Friday, October 11th. Wells Fargo & Company increased their target price on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Scotiabank decreased their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $82.00.

Shell Trading Down 0.1 %

Shares of NYSE:SHEL traded down $0.06 during midday trading on Friday, reaching $67.49. 8,591,310 shares of the company’s stock were exchanged, compared to its average volume of 4,063,998. The firm’s 50 day simple moving average is $68.08 and its two-hundred day simple moving average is $70.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12. The stock has a market cap of $210.04 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 1.86 and a beta of 0.56. Shell plc has a fifty-two week low of $60.34 and a fifty-two week high of $74.61.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. The firm had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. Shell had a return on equity of 14.57% and a net margin of 5.17%. During the same period last year, the company earned $1.50 EPS. As a group, sell-side analysts forecast that Shell plc will post 8.45 EPS for the current fiscal year.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be given a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 4.08%. The ex-dividend date is Friday, November 15th. Shell’s dividend 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.