Shell plc (NYSE:SHEL) Shares Sold by Clarius Group LLC

Clarius Group LLC trimmed its stake in Shell plc (NYSE:SHEL) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,191 shares of the energy company’s stock after selling 435 shares during the period. Clarius Group LLC’s holdings in Shell were worth $576,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SHEL. FMR LLC grew its position in Shell by 5.2% in the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after buying an additional 3,255,347 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Shell by 2.1% during the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock valued at $1,617,796,000 after buying an additional 507,311 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Shell by 0.9% during the 3rd quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock worth $408,430,000 after purchasing an additional 55,637 shares during the last quarter. Mawer Investment Management Ltd. grew its stake in Shell by 8.7% in the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock worth $348,405,000 after acquiring an additional 422,329 shares during the period. Finally, Holocene Advisors LP raised its holdings in Shell by 29.8% in the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock valued at $248,870,000 after acquiring an additional 866,954 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SHEL shares. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Friday, January 3rd. Barclays upgraded Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Piper Sandler decreased their target price on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Wells Fargo & Company decreased their price objective on shares of Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Finally, Scotiabank dropped their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $79.69.

Shell Stock Performance

Shares of SHEL stock opened at $66.74 on Monday. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The company has a market capitalization of $205.36 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 5.60 and a beta of 0.55. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock’s fifty day simple moving average is $64.19 and its 200-day simple moving average is $67.78.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were given a $0.688 dividend. 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 currently 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.