Shell plc (NYSE:SHEL) Stock Position Trimmed by Penn Davis Mcfarland Inc.

Penn Davis Mcfarland Inc. decreased its stake in Shell plc (NYSE:SHEL) by 0.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 505,029 shares of the energy company’s stock after selling 404 shares during the period. Shell comprises about 3.4% of Penn Davis Mcfarland Inc.’s investment portfolio, making the stock its 10th biggest position. Penn Davis Mcfarland Inc.’s holdings in Shell were worth $31,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fairscale Capital LLC bought a new position in Shell during the second quarter valued at approximately $33,000. Fortitude Family Office LLC purchased a new stake in shares of Shell in the 3rd quarter valued at $30,000. Valley Wealth Managers Inc. purchased a new position in Shell in the 3rd quarter worth $33,000. Brooklyn Investment Group bought a new stake in Shell in the third quarter worth $35,000. Finally, GHP Investment Advisors Inc. boosted its position in Shell by 40.8% during the third 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 during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

SHEL has been the subject of several analyst reports. Citigroup upgraded Shell to a “hold” rating in a report on Wednesday, October 2nd. Barclays raised Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Piper Sandler lowered their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, Wells Fargo & Company lowered 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. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $79.69.

Shell Price Performance

Shares of SHEL opened at $66.74 on Monday. The firm’s 50-day simple moving average is $64.19 and its two-hundred day simple moving average is $67.78. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The stock 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. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40.

Shell Dividend Announcement

The business 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. This represents a $2.75 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s payout ratio is 56.58%.

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.