ARS Wealth Advisors Group LLC Sells 1,716 Shares of Shell plc (NYSE:SHEL)

ARS Wealth Advisors Group LLC lessened its holdings in shares of Shell plc (NYSE:SHEL) by 5.3% during the 4th quarter, HoldingsChannel reports. The fund owned 30,579 shares of the energy company’s stock after selling 1,716 shares during the quarter. ARS Wealth Advisors Group LLC’s holdings in Shell were worth $1,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fortitude Family Office LLC purchased a new stake in Shell in the 3rd quarter worth $30,000. Fairscale Capital LLC purchased a new stake in shares of Shell in the second quarter worth about $33,000. Valley Wealth Managers Inc. purchased a new position in Shell during the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group purchased a new stake in shares of Shell during the 3rd quarter worth approximately $35,000. Finally, GHP Investment Advisors Inc. grew its holdings in shares of 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 purchasing an additional 163 shares in the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SHEL has been the topic of several recent research reports. Citigroup upgraded shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company decreased their price objective 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. Wolfe Research raised 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. Barclays upgraded Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Scotiabank cut their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. One equities research 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 stock. According to data from MarketBeat.com, Shell has an average rating of “Buy” and an average target price of $79.69.

Shell Price Performance

Shares of Shell stock traded up $0.26 on Wednesday, reaching $66.17. The company’s stock had a trading volume of 591,425 shares, compared to its average volume of 4,053,663. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The company has a market capitalization of $203.62 billion, a P/E ratio of 13.62, 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 stock has a 50-day moving average price of $64.28 and a 200-day moving average price of $67.92.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders 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 4.16%. Shell’s dividend payout ratio (DPR) is currently 56.58%.

Shell 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.