StrongBox Wealth LLC Has $537,000 Stake in Shell plc (NYSE:SHEL)

StrongBox Wealth LLC trimmed its stake in Shell plc (NYSE:SHEL) by 24.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,571 shares of the energy company’s stock after selling 2,834 shares during the period. StrongBox Wealth LLC’s holdings in Shell were worth $537,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC raised its position in shares of Shell by 5.2% in the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock worth $4,306,465,000 after acquiring an additional 3,255,347 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Shell by 2.1% in the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after acquiring an additional 507,311 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Shell by 0.9% in the 3rd quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock worth $408,430,000 after acquiring an additional 55,637 shares in the last quarter. Mawer Investment Management Ltd. raised its position in shares of 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 acquiring an additional 422,329 shares in the last quarter. Finally, Holocene Advisors LP raised its position in shares of Shell by 29.8% in the 3rd quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock worth $248,870,000 after acquiring an additional 866,954 shares in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Price Performance

Shell stock opened at $66.39 on Thursday. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The company’s 50 day moving average price is $64.24 and its two-hundred day moving average price is $67.91. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The stock has a market cap of $204.30 billion, a P/E ratio of 13.66, a P/E/G ratio of 5.60 and a beta of 0.55.

Shell Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SHEL. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Friday, January 3rd. Citigroup upgraded Shell to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company reduced their target price on Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Scotiabank cut their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. One analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average 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.