Sivia Capital Partners LLC Sells 968 Shares of Shell plc (NYSE:SHEL)

Sivia Capital Partners LLC cut its holdings in Shell plc (NYSE:SHEL) by 11.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,444 shares of the energy company’s stock after selling 968 shares during the quarter. Sivia Capital Partners LLC’s holdings in Shell were worth $466,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. FMR LLC raised its holdings in shares of Shell by 5.2% during the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock worth $4,306,465,000 after acquiring an additional 3,255,347 shares during the period. Fisher Asset Management LLC boosted its position in shares of Shell by 2.1% during the third quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after buying an additional 507,311 shares during the period. Dimensional Fund Advisors LP raised its position in Shell by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company’s stock valued at $1,640,082,000 after buying an additional 96,549 shares during the last quarter. Franklin Resources Inc. lifted its stake in Shell by 0.9% in the 3rd quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock valued at $408,430,000 after acquiring an additional 55,637 shares in the last quarter. Finally, Mawer Investment Management Ltd. grew its stake in shares of Shell by 8.7% during the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock worth $348,405,000 after acquiring an additional 422,329 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Performance

Shares of SHEL traded down $0.04 during trading hours on Monday, hitting $64.90. The company had a trading volume of 2,951,368 shares, compared to its average volume of 4,423,232. The firm has a market cap of $199.71 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 4.84 and a beta of 0.55. 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 business has a fifty day moving average of $64.38 and a 200-day moving average of $68.01. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were given a $0.688 dividend. This represents a $2.75 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s payout ratio is 56.58%.

Analyst Ratings Changes

Several brokerages recently commented on SHEL. Scotiabank reduced their target price 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. Piper Sandler decreased their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Citigroup upgraded Shell to a “hold” rating in a report on Wednesday, October 2nd. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Friday, January 3rd. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $79.69.

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.