Shell plc (NYSE:SHEL) Shares Sold by Jackson Square Capital LLC

Jackson Square Capital LLC lessened its holdings in shares of Shell plc (NYSE:SHEL) by 58.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,123 shares of the energy company’s stock after selling 41,710 shares during the period. Jackson Square Capital LLC’s holdings in Shell were worth $1,987,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SHEL. Hobbs Group Advisors LLC bought a new stake in shares of Shell during the 2nd quarter worth about $26,000. Fortitude Family Office LLC acquired a new position in shares of Shell during the third quarter valued at approximately $30,000. Triad Wealth Partners LLC acquired a new stake in Shell in the second quarter worth approximately $31,000. Fairscale Capital LLC acquired a new position in shares of Shell during the 2nd quarter valued at $33,000. Finally, GHP Investment Advisors Inc. raised its stake in shares of Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after buying an additional 163 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Price Performance

SHEL opened at $68.36 on Thursday. The firm has a market capitalization of $212.75 billion, a P/E ratio of 14.07, a PEG ratio of 2.04 and a beta of 0.56. Shell plc has a 12-month low of $60.34 and a 12-month high of $74.61. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average of $67.81 and a 200-day moving average of $70.45.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be issued 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 4.03%. Shell’s dividend payout ratio is 56.58%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SHEL. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a report on Friday, October 11th. Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Wolfe Research began coverage on Shell in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, Citigroup upgraded Shell to a “hold” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $82.00.

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.