ARS Wealth Advisors Group LLC Lowers Position in Shell plc (NYSE:SHEL)

ARS Wealth Advisors Group LLC cut its position in shares of Shell plc (NYSE:SHEL) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,579 shares of the energy company’s stock after selling 1,716 shares during the quarter. ARS Wealth Advisors Group LLC’s holdings in Shell were worth $1,916,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Fairscale Capital LLC purchased a new position in shares of Shell during the 2nd quarter valued at $33,000. Fortitude Family Office LLC purchased a new stake in Shell in the third quarter valued at approximately $30,000. Valley Wealth Managers Inc. bought a new position in Shell in the third quarter valued at $33,000. Brooklyn Investment Group bought a new position in shares of Shell during the 3rd quarter valued at about $35,000. Finally, GHP Investment Advisors Inc. lifted its position 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 currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SHEL. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Friday, January 3rd. Piper Sandler reduced their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Citigroup upgraded Shell to a “hold” rating in a report on Wednesday, October 2nd. Barclays upgraded shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. One investment 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. According to data from MarketBeat, Shell presently has a consensus rating of “Buy” and a consensus target price of $79.69.

Shell Stock Up 0.4 %

Shares of SHEL stock traded up $0.26 during midday trading on Wednesday, reaching $66.17. 591,425 shares of the stock were exchanged, compared to its average volume of 4,053,663. The firm has a market cap of $203.62 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 4.84 and a beta of 0.55. 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 company’s 50 day moving average is $64.28 and its two-hundred day moving average is $67.92. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61.

Shell Dividend Announcement

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 dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 4.16%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio is currently 56.58%.

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.