Romano Brothers AND Company Cuts Position in Shell plc (NYSE:SHEL)

Romano Brothers AND Company reduced its stake in Shell plc (NYSE:SHEL) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,284 shares of the energy company’s stock after selling 250 shares during the quarter. Romano Brothers AND Company’s holdings in Shell were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NorthCrest Asset Manangement LLC raised its holdings in Shell by 6.4% in the third quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock worth $247,000 after buying an additional 225 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Shell by 1.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock worth $206,116,000 after acquiring an additional 46,293 shares during the last quarter. Creative Planning boosted its stake in Shell by 11.3% during the 2nd quarter. Creative Planning now owns 292,587 shares of the energy company’s stock valued at $21,119,000 after purchasing an additional 29,677 shares during the last quarter. Mawer Investment Management Ltd. increased its holdings in shares of Shell by 8.7% in the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock worth $348,405,000 after purchasing an additional 422,329 shares in the last quarter. Finally, Inspire Trust Co. N.A. raised its stake in shares of Shell by 26.9% in the third quarter. Inspire Trust Co. N.A. now owns 52,439 shares of the energy company’s stock worth $3,458,000 after purchasing an additional 11,105 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on SHEL shares. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on shares of Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Friday, January 3rd. Scotiabank cut their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, Citigroup raised Shell to a “hold” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Shell presently has a consensus rating of “Buy” and an average price target of $79.69.

Shell Stock Up 0.4 %

SHEL stock opened at $66.74 on Monday. The business’s 50-day moving average price is $64.19 and its 200-day moving average price is $67.78. The stock has a market cap of $205.36 billion, a P/E ratio of 13.73, a PEG ratio of 5.60 and a beta of 0.55. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were given 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 dividend yield of 4.12%. Shell’s payout ratio is 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.