Shell plc (NYSE:SHEL) Stake Lowered by Crescent Sterling Ltd.

Crescent Sterling Ltd. reduced its stake in shares of Shell plc (NYSE:SHEL) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,021 shares of the energy company’s stock after selling 1,267 shares during the quarter. Crescent Sterling Ltd.’s holdings in Shell were worth $941,000 at the end of the most recent quarter.

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

Shell Trading Up 0.5 %

NYSE:SHEL opened at $65.02 on Monday. The stock’s 50-day moving average is $64.38 and its two-hundred day moving average is $68.01. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The stock has a market cap of $200.08 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 4.84 and a beta of 0.55. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61.

Shell Dividend Announcement

The business also recently announced 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. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio (DPR) is currently 56.58%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Piper Sandler dropped their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Scotiabank cut their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. Citigroup upgraded shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Finally, Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Friday, January 3rd. One investment 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $79.69.

About Shell

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.