RDA Financial Network Cuts Stock Holdings in Shell plc (NYSE:SHEL)

RDA Financial Network cut its position in Shell plc (NYSE:SHEL) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,875 shares of the energy company’s stock after selling 338 shares during the period. RDA Financial Network’s holdings in Shell were worth $243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in 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 purchasing an additional 3,255,347 shares in the last quarter. Fisher Asset Management LLC lifted its position in Shell by 2.1% during the third quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after buying an additional 507,311 shares in the last quarter. Franklin Resources Inc. boosted its stake in Shell by 0.9% during the third quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock worth $408,430,000 after buying an additional 55,637 shares during the last quarter. Mawer Investment Management Ltd. grew 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 valued at $348,405,000 after buying an additional 422,329 shares in the last quarter. Finally, Holocene Advisors LP raised its holdings in shares of Shell by 29.8% during 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 during the period. 28.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SHEL shares. Scotiabank cut their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Barclays raised shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company cut 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. Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Piper Sandler reduced their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. One analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $79.69.

Shell Trading Up 0.4 %

NYSE SHEL opened at $66.74 on Friday. Shell plc has a one year low of $60.15 and a one year high of $74.61. The firm has a 50 day simple moving average of $64.19 and a 200-day simple moving average of $67.86. The firm has a market cap of $205.36 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 5.60 and a beta of 0.55. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were paid a $0.688 dividend. This represents a $2.75 annualized dividend and a dividend yield of 4.12%. The ex-dividend date was Friday, November 15th. Shell’s payout ratio is currently 56.58%.

Shell 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.