Traveka Wealth LLC Sells 226 Shares of Shell plc (NYSE:SHEL)

Traveka Wealth LLC lowered its stake in shares of Shell plc (NYSE:SHEL) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,469 shares of the energy company’s stock after selling 226 shares during the period. Traveka Wealth LLC’s holdings in Shell were worth $280,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. NorthCrest Asset Manangement LLC lifted 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 valued at $247,000 after buying an additional 225 shares during the last quarter. Foresight Global Investors Inc. bought a new position in Shell during the second quarter worth about $1,472,000. Rockefeller Capital Management L.P. increased its stake in shares of Shell by 1.5% in the third 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 lifted its stake in shares of Shell by 11.3% during the 2nd quarter. Creative Planning now owns 292,587 shares of the energy company’s stock valued at $21,119,000 after buying an additional 29,677 shares in the last quarter. Finally, Mawer Investment Management Ltd. boosted its holdings in Shell by 8.7% in the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock worth $348,405,000 after buying an additional 422,329 shares during the period. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shares of NYSE:SHEL opened at $64.99 on Tuesday. Shell plc has a one year low of $60.15 and a one year high of $74.61. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The firm has a market capitalization of $199.99 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 4.84 and a beta of 0.55. The company’s fifty day moving average price is $64.32 and its 200-day moving average price is $67.96.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were paid a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio (DPR) is currently 56.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SHEL shares. Piper Sandler dropped 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. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Citigroup upgraded shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Scotiabank lowered 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 note on Thursday, October 10th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $79.69.

Shell Company 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.