79,661 Shares in Shell plc (NYSE:SHEL) Acquired by InvesTrust

InvesTrust acquired a new stake in shares of Shell plc (NYSE:SHEL) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 79,661 shares of the energy company’s stock, valued at approximately $4,965,000.

A number of other institutional investors have also recently made changes to their positions in the company. Fairscale Capital LLC purchased a new position in shares of Shell during the second quarter valued at approximately $33,000. Fortitude Family Office LLC bought a new position in shares of Shell during the 3rd quarter valued at $30,000. Valley Wealth Managers Inc. purchased a new position in shares of Shell in the 3rd quarter worth $33,000. Brooklyn Investment Group purchased a new stake in Shell during the third quarter valued at $35,000. Finally, GHP Investment Advisors Inc. lifted its holdings in Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after acquiring an additional 163 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Trading Down 2.3 %

Shares of SHEL stock traded down $1.52 on Wednesday, reaching $64.41. 3,908,626 shares of the company’s stock were exchanged, compared to its average volume of 4,355,674. The company’s fifty day simple moving average is $64.50 and its 200 day simple moving average is $68.15. The stock has a market capitalization of $198.21 billion, a PE ratio of 13.25, a P/E/G ratio of 4.84 and a beta of 0.55. The company has a current ratio of 1.40, a quick ratio of 1.13 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.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were given a $0.688 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.75 annualized dividend and a yield of 4.27%. Shell’s dividend payout ratio (DPR) is 56.58%.

Analyst Ratings Changes

Several brokerages have recently weighed in on SHEL. Barclays upgraded shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company reduced their price target on Shell from $88.00 to $87.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Scotiabank cut their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Friday, January 3rd. Finally, UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday. 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, the company currently has a consensus rating of “Buy” and a consensus price target of $79.83.

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.