Sendero Wealth Management LLC Raises Holdings in Shell plc (NYSE:SHEL)

Sendero Wealth Management LLC raised its stake in shares of Shell plc (NYSE:SHEL) by 2.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 23,858 shares of the energy company’s stock after buying an additional 638 shares during the period. Sendero Wealth Management LLC’s holdings in Shell were worth $1,495,000 at the end of the most recent reporting period.

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

Shell Price Performance

SHEL stock opened at $66.39 on Thursday. The firm has a market cap of $204.30 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 5.60 and a beta of 0.55. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The stock has a 50-day simple moving average of $64.24 and a 200-day simple moving average of $67.91. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were given a $0.688 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.15%. Shell’s payout ratio is currently 56.58%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SHEL shares. Scotiabank cut their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Citigroup upgraded shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. Morgan Stanley upgraded 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 report on Tuesday, January 7th. Finally, Barclays upgraded Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $79.69.

About Shell

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.