Raab & Moskowitz Asset Management LLC Sells 562 Shares of Shell plc (NYSE:SHEL)

Raab & Moskowitz Asset Management LLC trimmed its position in Shell plc (NYSE:SHEL) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,825 shares of the energy company’s stock after selling 562 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Shell were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Valley National Advisers Inc. increased its position in Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after buying an additional 400 shares during the period. Fortitude Family Office LLC bought a new position in Shell during the third quarter worth $30,000. Valley Wealth Managers Inc. bought a new stake in Shell in the 3rd quarter valued at $33,000. Brooklyn Investment Group acquired a new stake in Shell in the 3rd quarter worth $35,000. Finally, GHP Investment Advisors Inc. increased its holdings in shares of Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after purchasing an additional 163 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SHEL shares. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Wells Fargo & Company lowered their price objective on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Piper Sandler reduced 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. 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 research note on Friday, January 3rd. Finally, Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Shell has a consensus rating of “Buy” and a consensus target price of $79.11.

Shell Price Performance

NYSE:SHEL opened at $66.75 on Thursday. The firm has a market cap of $204.09 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The company’s 50-day moving average price is $64.42 and its two-hundred day moving average price is $67.00. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. On average, equities analysts anticipate that Shell plc will post 7.46 EPS for the current fiscal year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.716 per share. The ex-dividend date is Friday, February 14th. This represents a $2.86 dividend on an annualized basis and a yield of 4.29%. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio is currently 54.78%.

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.