Atomi Financial Group Inc. Sells 2,139 Shares of Shell plc (NYSE:SHEL)

Atomi Financial Group Inc. trimmed its holdings in Shell plc (NYSE:SHEL) by 7.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,562 shares of the energy company’s stock after selling 2,139 shares during the period. Atomi Financial Group Inc.’s holdings in Shell were worth $1,752,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Traveka Wealth LLC raised its position in shares of Shell by 7.9% in the 3rd quarter. Traveka Wealth LLC now owns 4,695 shares of the energy company’s stock valued at $310,000 after buying an additional 345 shares in the last quarter. Axiom Advisory LLC raised its position in Shell by 88.1% during the third quarter. Axiom Advisory LLC now owns 15,104 shares of the energy company’s stock valued at $1,070,000 after purchasing an additional 7,075 shares in the last quarter. Eastover Investment Advisors LLC lifted its stake in Shell by 0.5% during the third quarter. Eastover Investment Advisors LLC now owns 106,752 shares of the energy company’s stock worth $7,040,000 after purchasing an additional 532 shares during the last quarter. Aprio Wealth Management LLC increased its stake in shares of Shell by 14.1% in the 3rd quarter. Aprio Wealth Management LLC now owns 3,965 shares of the energy company’s stock valued at $261,000 after purchasing an additional 489 shares during the last quarter. Finally, Richard P Slaughter Associates Inc raised its holdings in shares of Shell by 0.7% during the 3rd quarter. Richard P Slaughter Associates Inc now owns 54,800 shares of the energy company’s stock worth $3,614,000 after buying an additional 392 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors.

Shell Trading Down 2.8 %

Shares of SHEL stock opened at $68.27 on Wednesday. The stock has a 50-day moving average of $69.82 and a 200-day moving average of $70.89. 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 market cap of $213.74 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 1.56 and a beta of 0.56. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61.

Shell (NYSE:SHEL) last issued its quarterly earnings results 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. 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 the consensus estimate of $88.62 billion. During the same quarter in the previous year, the company earned $1.50 EPS. On average, equities research analysts forecast that Shell plc will post 8.44 earnings per share for the current year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, August 16th were given a dividend of $0.688 per share. The ex-dividend date was Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 4.03%. Shell’s payout ratio is 50.74%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SHEL shares. Wolfe Research began coverage on Shell in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Barclays raised shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Scotiabank cut their price objective on Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Finally, Citigroup upgraded Shell to a “hold” rating in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.50.

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.