Crescent Sterling Ltd. Sells 1,267 Shares of Shell plc (NYSE:SHEL)

Crescent Sterling Ltd. trimmed its holdings in shares of Shell plc (NYSE:SHELFree Report) by 7.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,021 shares of the energy company’s stock after selling 1,267 shares during the period. Crescent Sterling Ltd.’s holdings in Shell were worth $941,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SHEL. NorthCrest Asset Manangement LLC lifted its position in 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 acquiring an additional 225 shares during the last quarter. Foresight Global Investors Inc. acquired a new position in shares of Shell during the 2nd quarter worth about $1,472,000. Rockefeller Capital Management L.P. grew its holdings in Shell by 1.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,125,284 shares of the energy company’s stock valued at $206,116,000 after buying an additional 46,293 shares during the last quarter. Creative Planning lifted its holdings in shares of Shell by 11.3% during the second quarter. Creative Planning now owns 292,587 shares of the energy company’s stock worth $21,119,000 after buying an additional 29,677 shares during the last quarter. Finally, Mawer Investment Management Ltd. boosted its position in shares of Shell by 8.7% in the third quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock valued at $348,405,000 after acquiring an additional 422,329 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Shell Stock Performance

NYSE SHEL opened at $65.02 on Monday. 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 firm has a market cap of $200.08 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 4.84 and a beta of 0.55. The company has a 50 day moving average of $64.38 and a 200-day moving average of $68.01. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were issued a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio is currently 56.58%.

Analysts Set New Price Targets

Several equities analysts recently commented on SHEL shares. Wells Fargo & Company cut their target price on shares of Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday. Piper Sandler decreased their target price on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a report on Friday, October 11th. Citigroup upgraded Shell to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Friday, January 3rd. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $79.69.

Read Our Latest Stock Analysis on SHEL

About Shell

(Free Report)

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.

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Institutional Ownership by Quarter for Shell (NYSE:SHEL)

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