Ballew Advisors Inc Trims Stock Holdings in Shell plc (NYSE:SHEL)

Ballew Advisors Inc trimmed its holdings in Shell plc (NYSE:SHEL) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,981 shares of the energy company’s stock after selling 195 shares during the period. Ballew Advisors Inc’s holdings in Shell were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC purchased a new position in shares of Shell during the 3rd quarter valued at $30,000. Fairscale Capital LLC bought a new position in Shell in the 2nd quarter worth about $33,000. Valley Wealth Managers Inc. bought a new stake in shares of Shell during the 3rd quarter valued at about $33,000. Brooklyn Investment Group purchased a new position in shares of Shell during the third quarter worth about $35,000. Finally, GHP Investment Advisors Inc. raised its stake in Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after purchasing an additional 163 shares in the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. 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 report on Friday, January 3rd. Piper Sandler cut their target price on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Citigroup raised shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Scotiabank decreased their target price on shares of 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 investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Shell has a consensus rating of “Buy” and an average price target of $79.69.

Shell Stock Up 0.4 %

NYSE SHEL opened at $66.74 on Friday. The business’s 50-day moving average is $64.19 and its 200 day moving average is $67.82. The stock has a market capitalization of $205.36 billion, a PE ratio of 13.73, a PEG ratio of 5.60 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 plc has a 1 year low of $60.15 and a 1 year high of $74.61.

Shell Dividend Announcement

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