Braun Bostich & Associates Inc. Sells 510 Shares of Shell plc (NYSE:SHEL)

Braun Bostich & Associates Inc. lowered its position in Shell plc (NYSE:SHEL) by 12.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,695 shares of the energy company’s stock after selling 510 shares during the quarter. Braun Bostich & Associates Inc.’s holdings in Shell were worth $231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in SHEL. Fortitude Family Office LLC bought a new position in shares of Shell during the third quarter valued at about $30,000. Valley Wealth Managers Inc. bought a new position in Shell during the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group purchased a new stake in Shell in the 3rd quarter worth approximately $35,000. GHP Investment Advisors Inc. increased its stake in shares of 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. Finally, Kieckhefer Group LLC purchased a new stake in Shell in the fourth quarter worth $40,000. 28.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Friday, January 3rd. Piper Sandler lowered their price objective 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 Shell from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Scotiabank lowered their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. One research 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 data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $79.69.

Shell Trading Up 0.0 %

Shares of SHEL stock opened at $66.72 on Wednesday. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The firm has a fifty day moving average price of $64.19 and a 200-day moving average price of $67.74. The company has a market cap of $204.00 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 5.96 and a beta of 0.55. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.20. The business had revenue of $72.46 billion during the quarter, compared to analysts’ expectations of $84.58 billion. Shell had a return on equity of 14.54% and a net margin of 5.17%. During the same quarter in the prior year, the business posted $1.86 earnings per share. As a group, equities analysts predict that Shell plc will post 8.16 earnings per share for the current year.

Shell Dividend Announcement

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

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.