Gilman Hill Asset Management LLC Has $3.56 Million Position in Shell plc (NYSE:SHEL)

Gilman Hill Asset Management LLC decreased its holdings in shares of Shell plc (NYSE:SHEL) by 3.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 56,828 shares of the energy company’s stock after selling 2,163 shares during the period. Gilman Hill Asset Management LLC’s holdings in Shell were worth $3,560,000 at the end of the most recent reporting period.

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

Shell Stock Performance

Shares of SHEL opened at $66.74 on Monday. 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 firm has a 50-day moving average of $64.19 and a 200-day moving average of $67.78. The company has a market cap of $205.36 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 5.60 and a beta of 0.55. Shell plc has a one year low of $60.15 and a one year high of $74.61.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were given a $0.688 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.12%. Shell’s payout ratio is 56.58%.

Analyst Ratings Changes

A number of research firms recently issued reports on SHEL. Wolfe Research raised 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. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Wells Fargo & Company lowered their target price on Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a report on Friday, January 10th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Scotiabank dropped their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. One 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, Shell presently has a consensus rating of “Buy” and an average target price of $79.69.

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.