Hennessy Advisors Inc. Trims Stock Position in Shell plc (NYSE:SHEL)

Hennessy Advisors Inc. decreased its holdings in shares of Shell plc (NYSE:SHEL) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,100 shares of the energy company’s stock after selling 2,800 shares during the quarter. Hennessy Advisors Inc.’s holdings in Shell were worth $4,893,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. NorthCrest Asset Manangement LLC boosted its position in shares of Shell by 6.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock worth $247,000 after purchasing an additional 225 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of 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 worth $206,116,000 after buying an additional 46,293 shares during the period. Creative Planning raised its holdings in shares of Shell by 11.3% in the 2nd quarter. Creative Planning now owns 292,587 shares of the energy company’s stock valued at $21,119,000 after buying an additional 29,677 shares during the period. Mawer Investment Management Ltd. lifted its stake in 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. Finally, Inspire Trust Co. N.A. grew its position in Shell by 26.9% in the 3rd quarter. Inspire Trust Co. N.A. now owns 52,439 shares of the energy company’s stock valued at $3,458,000 after acquiring an additional 11,105 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Performance

Shares of SHEL opened at $66.74 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The stock has a 50 day moving average price of $64.19 and a 200 day moving average price of $67.86. The company has a market capitalization of $205.36 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 5.60 and a beta of 0.55.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were paid a dividend of $0.688 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 annualized dividend and a yield of 4.12%. Shell’s dividend payout ratio is currently 56.58%.

Analyst Ratings Changes

Several research firms have recently commented on SHEL. Barclays raised shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company dropped their price target on shares of Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Citigroup upgraded Shell to a “hold” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Finally, UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Shell currently has a consensus rating of “Buy” and a consensus price target 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.