Banco Santander S.A. Reduces Holdings in Shell plc (NYSE:SHEL)

Banco Santander S.A. cut its stake in Shell plc (NYSE:SHEL) by 0.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 85,375 shares of the energy company’s stock after selling 672 shares during the quarter. Banco Santander S.A.’s holdings in Shell were worth $5,630,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Hobbs Group Advisors LLC purchased a new stake in Shell in the second quarter worth $26,000. Triad Wealth Partners LLC purchased a new stake in shares of Shell in the 2nd quarter worth about $31,000. Fairscale Capital LLC bought a new position in shares of Shell in the 2nd quarter worth about $33,000. Fortitude Family Office LLC purchased a new stake in Shell in the third quarter worth about $30,000. Finally, Valley Wealth Managers Inc. purchased a new position in shares of Shell during the third quarter valued at approximately $33,000. 28.60% of the stock is owned by institutional investors.

Shell Price Performance

Shares of SHEL opened at $66.30 on Friday. The firm has a market cap of $205.21 billion, a PE ratio of 13.64, a P/E/G ratio of 1.97 and a beta of 0.56. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $67.29 and a two-hundred day simple moving average of $70.01.

Shell Announces Dividend

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 issued a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date is Friday, November 15th. Shell’s dividend payout ratio is 56.58%.

Analysts Set New Price Targets

A number of research firms have recently commented on SHEL. Barclays raised Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein raised shares of 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 report on Monday, August 5th. Finally, Scotiabank reduced their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average 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.