Shell plc (NYSE:SHEL) Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lowered its position in shares of Shell plc (NYSE:SHEL) by 44.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,251 shares of the energy company’s stock after selling 3,419 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Shell were worth $266,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC increased its stake in shares of Shell by 5.2% in the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after purchasing an additional 3,255,347 shares during the period. Empyrean Capital Partners LP acquired a new stake in Shell in the 2nd quarter valued at approximately $151,578,000. Jennison Associates LLC raised its stake in Shell by 188.0% during the 3rd quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock valued at $198,786,000 after acquiring an additional 1,967,672 shares in the last quarter. Holocene Advisors LP grew its stake in shares of Shell by 29.8% in the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock worth $248,870,000 after purchasing an additional 866,954 shares in the last quarter. Finally, Mediolanum International Funds Ltd acquired a new position in shares of Shell during the third quarter valued at $37,274,000. 28.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SHEL shares. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Friday, January 3rd. Piper Sandler decreased their price target on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Citigroup raised Shell to a “hold” rating in a report on Wednesday, October 2nd. One 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.com, the company currently has a consensus rating of “Buy” and an average price target of $79.69.

Shell Stock Up 0.1 %

SHEL stock opened at $66.46 on Friday. The company’s 50 day simple moving average is $64.20 and its 200-day simple moving average is $67.90. Shell plc has a 52-week low of $60.15 and a 52-week 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 $204.50 billion, a P/E ratio of 13.67, a P/E/G ratio of 5.60 and a beta of 0.55.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors 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 4.14%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s payout ratio is 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.