BigSur Wealth Management LLC Lowers Stock Holdings in Shell plc (NYSE:SHEL)

BigSur Wealth Management LLC cut its holdings in Shell plc (NYSE:SHEL) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,536 shares of the energy company’s stock after selling 230 shares during the quarter. BigSur Wealth Management LLC’s holdings in Shell were worth $409,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SHEL. Coronation Fund Managers Ltd. raised its position in Shell by 7.6% during the second quarter. Coronation Fund Managers Ltd. now owns 15,201 shares of the energy company’s stock worth $1,097,000 after acquiring an additional 1,068 shares during the period. Blair William & Co. IL raised its position in shares of Shell by 0.6% during the 2nd quarter. Blair William & Co. IL now owns 67,671 shares of the energy company’s stock worth $4,884,000 after purchasing an additional 395 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Shell by 46.0% in the 2nd quarter. Hsbc Holdings PLC now owns 42,220 shares of the energy company’s stock worth $3,048,000 after buying an additional 13,299 shares during the last quarter. Brighton Jones LLC increased its stake in Shell by 3.2% during the 2nd quarter. Brighton Jones LLC now owns 7,033 shares of the energy company’s stock worth $508,000 after buying an additional 215 shares in the last quarter. Finally, Ieq Capital LLC lifted its position in shares of Shell by 65.4% in the second quarter. Ieq Capital LLC now owns 33,343 shares of the energy company’s stock valued at $2,407,000 after acquiring an additional 13,185 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Up 0.4 %

Shares of NYSE SHEL opened at $66.74 on Monday. 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 business’s 50 day moving average is $64.19 and its two-hundred day moving average is $67.78. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The firm has a market cap of $205.36 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 5.60 and a beta of 0.55.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were paid a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 4.12%. The ex-dividend date was Friday, November 15th. Shell’s payout ratio is 56.58%.

Analysts Set New Price Targets

Several analysts recently commented on SHEL shares. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research report on Friday, October 11th. 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 report on Friday, January 3rd. Citigroup upgraded shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Barclays raised shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Piper Sandler cut their price target on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Shell presently has a consensus rating of “Buy” and an average target price 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.