Brookmont Capital Management Has $4 Million Stake in Shell plc (NYSE:SHEL)

Brookmont Capital Management lessened its stake in Shell plc (NYSE:SHEL) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,915 shares of the energy company’s stock after selling 445 shares during the period. Shell accounts for 2.1% of Brookmont Capital Management’s portfolio, making the stock its 13th largest holding. Brookmont Capital Management’s holdings in Shell were worth $4,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Coronation Fund Managers Ltd. lifted its holdings in Shell by 7.6% in the second quarter. Coronation Fund Managers Ltd. now owns 15,201 shares of the energy company’s stock valued at $1,097,000 after buying an additional 1,068 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Shell by 46.0% in the 2nd quarter. Hsbc Holdings PLC now owns 42,220 shares of the energy company’s stock valued at $3,048,000 after purchasing an additional 13,299 shares during the period. AE Wealth Management LLC grew its stake in shares of Shell by 13.2% during the second quarter. AE Wealth Management LLC now owns 12,106 shares of the energy company’s stock worth $874,000 after purchasing an additional 1,416 shares during the period. Sei Investments Co. lifted its stake in Shell by 8.4% in the second quarter. Sei Investments Co. now owns 323,875 shares of the energy company’s stock valued at $23,378,000 after buying an additional 25,143 shares during the period. Finally, Summit Trail Advisors LLC grew its position in shares of Shell by 122.3% during the 2nd quarter. Summit Trail Advisors LLC now owns 8,709 shares of the energy company’s stock worth $629,000 after buying an additional 4,791 shares during the period. 28.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SHEL has been the topic of several recent analyst reports. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Piper Sandler reduced their target price on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Scotiabank lowered their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Friday, January 3rd. 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 company. According to data from MarketBeat, Shell has a consensus rating of “Buy” and an average price target of $79.69.

Shell Trading Up 0.4 %

NYSE SHEL opened at $66.74 on Tuesday. The company has a market cap of $204.04 billion, a PE ratio of 13.73, a PEG ratio of 5.96 and a beta of 0.55. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61. The stock has a 50 day moving average of $64.19 and a 200-day moving average of $67.74. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

Shell Announces Dividend

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