Bremer Bank National Association Has $3.83 Million Stock Position in Shell plc (NYSE:SHEL)

Bremer Bank National Association lowered its stake in Shell plc (NYSE:SHEL) by 3.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 61,135 shares of the energy company’s stock after selling 2,001 shares during the period. Bremer Bank National Association’s holdings in Shell were worth $3,830,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of SHEL. NorthCrest Asset Manangement LLC grew its position in shares of Shell by 6.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock worth $247,000 after purchasing an additional 225 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Shell by 1.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock worth $206,116,000 after purchasing an additional 46,293 shares in the last quarter. Creative Planning grew its position in shares of Shell by 11.3% during the 2nd quarter. Creative Planning now owns 292,587 shares of the energy company’s stock worth $21,119,000 after purchasing an additional 29,677 shares in the last quarter. Mawer Investment Management Ltd. grew its position in shares of Shell by 8.7% during the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock worth $348,405,000 after purchasing an additional 422,329 shares in the last quarter. Finally, Inspire Trust Co. N.A. lifted its holdings in shares of Shell by 26.9% during the 3rd quarter. Inspire Trust Co. N.A. now owns 52,439 shares of the energy company’s stock worth $3,458,000 after acquiring an additional 11,105 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

SHEL stock opened at $66.74 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The company has a market capitalization of $205.36 billion, a P/E ratio of 13.73, a PEG ratio of 5.60 and a beta of 0.55. The company has a fifty day moving average price of $64.19 and a 200-day moving average price of $67.78. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61.

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 issued a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio is currently 56.58%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SHEL shares. Scotiabank cut their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Barclays raised shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company cut their price target 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. Piper Sandler dropped their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. One research 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $79.69.

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.