Shell plc (NYSE:SHEL) Short Interest Down 18.0% in November

Shell plc (NYSE:SHEL) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 5,870,000 shares, a decline of 18.0% from the November 15th total of 7,160,000 shares. Based on an average daily volume of 4,500,000 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.2% of the company’s stock are short sold.

Shell Stock Down 0.7 %

Shares of NYSE:SHEL traded down $0.46 on Friday, reaching $63.54. The company had a trading volume of 4,470,658 shares, compared to its average volume of 4,204,738. 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 market capitalization of $196.68 billion, a P/E ratio of 13.07, a P/E/G ratio of 4.92 and a beta of 0.55. The stock has a 50-day moving average price of $66.23 and a 200 day moving average price of $69.11. Shell has a twelve month low of $60.34 and a twelve month high of $74.61.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.688 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 annualized dividend and a yield of 4.33%. Shell’s dividend payout ratio (DPR) is presently 56.58%.

Institutional Trading of Shell

A number of institutional investors and hedge funds have recently modified their holdings of the company. NorthCrest Asset Manangement LLC boosted its holdings in Shell by 6.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock valued at $247,000 after acquiring an additional 225 shares during the period. Creative Planning grew its position in Shell by 11.3% in the 2nd quarter. Creative Planning now owns 292,587 shares of the energy company’s stock worth $21,119,000 after purchasing an additional 29,677 shares during the last quarter. Raymond James & Associates raised its position in shares of Shell by 65.7% during the second quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock valued at $122,579,000 after buying an additional 673,624 shares during the last quarter. Foresight Global Investors Inc. acquired a new stake in Shell during the second quarter worth about $1,472,000. Finally, Rockefeller Capital Management L.P. increased its stake in Shell by 1.5% during the third quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock valued at $206,116,000 after acquiring an additional 46,293 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHEL has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on Shell from $88.00 to $87.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Scotiabank decreased their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Barclays upgraded shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $81.75.

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.