Advisors Management Group Inc. ADV Sells 346 Shares of Shell plc (NYSE:SHEL)

Advisors Management Group Inc. ADV cut its stake in shares of Shell plc (NYSE:SHEL) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,848 shares of the energy company’s stock after selling 346 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in Shell were worth $2,434,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC raised its stake in Shell by 27.1% during the fourth quarter. Laurel Wealth Advisors LLC now owns 2,165 shares of the energy company’s stock worth $136,000 after buying an additional 461 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Shell by 40.8% in the 4th quarter. Park Avenue Securities LLC now owns 66,911 shares of the energy company’s stock valued at $4,192,000 after purchasing an additional 19,373 shares during the period. Pines Wealth Management LLC bought a new stake in shares of Shell during the 4th quarter valued at about $717,000. Miracle Mile Advisors LLC grew its stake in Shell by 62.8% during the fourth quarter. Miracle Mile Advisors LLC now owns 22,439 shares of the energy company’s stock worth $1,406,000 after purchasing an additional 8,655 shares during the period. Finally, JCIC Asset Management Inc. lifted its stake in Shell by 1.2% in the fourth quarter. JCIC Asset Management Inc. now owns 46,082 shares of the energy company’s stock valued at $2,887,000 after buying an additional 560 shares during the period. Institutional investors own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

SHEL has been the subject of several recent analyst reports. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Friday, January 3rd. Wells Fargo & Company cut their price objective on shares of Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $79.69.

Shell Stock Up 0.7 %

SHEL opened at $66.39 on Thursday. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The firm has a market capitalization of $204.30 billion, a P/E ratio of 13.66, a PEG ratio of 5.60 and a beta of 0.55. The company’s 50-day moving average is $64.24 and its 200 day moving average is $67.91. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were issued a $0.688 dividend. This represents a $2.75 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio is presently 56.58%.

About Shell

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.