Shell plc (NYSE:SHEL) Shares Sold by Rise Advisors LLC

Rise Advisors LLC lessened its holdings in shares of Shell plc (NYSE:SHEL) by 23.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 893 shares of the energy company’s stock after selling 267 shares during the quarter. Rise Advisors LLC’s holdings in Shell were worth $56,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SHEL. Fortitude Family Office LLC bought a new stake in Shell during the third quarter worth approximately $30,000. Fairscale Capital LLC bought a new stake in shares of Shell in the 2nd quarter worth $33,000. Valley Wealth Managers Inc. acquired a new stake in shares of Shell in the third quarter valued at $33,000. Brooklyn Investment Group acquired a new position in Shell during the third quarter worth about $35,000. Finally, GHP Investment Advisors Inc. raised its position in Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after acquiring an additional 163 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

SHEL has been the topic of several recent research reports. Piper Sandler lowered their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Friday. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $66.50 to $79.80 in a report on Tuesday. Scotiabank reduced their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Finally, Citigroup upgraded shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Shell currently has a consensus rating of “Buy” and a consensus target price of $79.83.

Shell Stock Up 2.1 %

SHEL traded up $1.34 during trading on Tuesday, reaching $66.09. 3,404,141 shares of the stock traded hands, compared to its average volume of 4,071,434. The stock’s 50-day simple moving average is $64.49 and its two-hundred day simple moving average is $68.17. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The stock has a market cap of $203.37 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 4.84 and a beta of 0.55.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were given a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s payout ratio is presently 56.58%.

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.