Shell plc (NYSE:SHEL) Shares Sold by RDA Financial Network

RDA Financial Network cut its position in Shell plc (NYSE:SHEL) by 8.0% during the fourth quarter, HoldingsChannel reports. The firm owned 3,875 shares of the energy company’s stock after selling 338 shares during the quarter. RDA Financial Network’s holdings in Shell were worth $243,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Fortitude Family Office LLC acquired a new stake in Shell in the third quarter valued at $30,000. Fairscale Capital LLC acquired a new stake in shares of Shell during the 2nd quarter worth about $33,000. Valley Wealth Managers Inc. purchased a new stake in Shell during the third quarter worth approximately $33,000. Brooklyn Investment Group purchased a new position in Shell in the third quarter valued at approximately $35,000. Finally, GHP Investment Advisors Inc. lifted its position in shares of Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after buying an additional 163 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SHEL shares. Piper Sandler cut their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Citigroup raised Shell to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. One equities research 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 MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $79.69.

Shell Trading Up 0.4 %

Shares of Shell stock 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. The firm has a market cap 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 plc has a 52-week low of $60.15 and a 52-week high of $74.61. The company’s 50-day simple moving average is $64.19 and its 200-day simple moving average is $67.86.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were issued a $0.688 dividend. 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 dividend payout ratio is currently 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.