Alpha Omega Wealth Management LLC Sells 420 Shares of Shell plc (NYSE:SHEL)

Alpha Omega Wealth Management LLC lessened its holdings in shares of Shell plc (NYSE:SHEL) by 6.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,680 shares of the energy company’s stock after selling 420 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Shell were worth $375,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hobbs Group Advisors LLC bought a new position in shares of Shell in the second quarter valued at approximately $26,000. Triad Wealth Partners LLC bought a new position in shares of Shell in the second quarter valued at approximately $31,000. Beaird Harris Wealth Management LLC boosted its position in shares of 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 acquiring an additional 385 shares during the period. Fairscale Capital LLC bought a new position in shares of Shell in the second quarter valued at approximately $33,000. Finally, LRI Investments LLC purchased a new stake in Shell in the first quarter valued at approximately $47,000. Institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SHEL has been the topic of a number of recent analyst reports. Citigroup raised shares of Shell to a “hold” rating in a research note on Wednesday. Scotiabank lowered their target price on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Wolfe Research initiated coverage on shares of Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company decreased their price target on shares of Shell from $88.00 to $84.00 and set an “overweight” rating on the stock in a research note on Friday, September 27th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Shell presently has an average rating of “Moderate Buy” and an average price target of $83.50.

Shell Trading Up 0.1 %

Shares of Shell stock traded up $0.05 on Friday, hitting $68.51. The stock had a trading volume of 4,340,555 shares, compared to its average volume of 4,181,918. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35. Shell plc has a one year low of $60.34 and a one year high of $74.61. The stock has a market cap of $216.63 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 1.53 and a beta of 0.57. The stock’s 50-day simple moving average is $69.93 and its two-hundred day simple moving average is $70.80.

Shell (NYSE:SHEL) last issued its 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. Shell had a net margin of 5.97% and a return on equity of 14.56%. The firm had revenue of $75.06 billion for the quarter, compared to analysts’ expectations of $88.62 billion. During the same quarter last year, the business earned $1.50 earnings per share. As a group, sell-side analysts predict that Shell plc will post 8.44 EPS for the current year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, August 16th were issued a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 4.02%. The ex-dividend date was Friday, August 16th. Shell’s dividend payout ratio (DPR) is currently 50.74%.

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.