Barclays PLC Sells 1,650 Shares of Shell plc (NYSE:SHEL)

Barclays PLC reduced its stake in shares of Shell plc (NYSE:SHEL) by 33.3% in the third quarter, Holdings Channel reports. The fund owned 3,312 shares of the energy company’s stock after selling 1,650 shares during the quarter. Barclays PLC’s holdings in Shell were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fortitude Family Office LLC bought a new position in Shell in the 3rd quarter worth approximately $30,000. Fairscale Capital LLC purchased a new stake in Shell in the 2nd quarter worth approximately $33,000. Valley Wealth Managers Inc. purchased a new stake in Shell in the 3rd quarter worth approximately $33,000. Brooklyn Investment Group purchased a new stake in Shell in the 3rd quarter worth approximately $35,000. Finally, GHP Investment Advisors Inc. lifted its stake 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 purchasing an additional 163 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Friday. Piper Sandler lowered their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Scotiabank lowered their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Citigroup upgraded shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Barclays upgraded shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Shell has a consensus rating of “Buy” and an average price target of $79.83.

Shell Trading Up 0.3 %

NYSE:SHEL opened at $64.73 on Tuesday. Shell plc has a one year low of $60.15 and a one year 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 company’s 50-day simple moving average is $64.49 and its 200 day simple moving average is $68.17. The firm has a market capitalization of $199.19 billion, a P/E ratio of 13.32, a PEG ratio of 4.84 and a beta of 0.55.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were paid a $0.688 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.25%. Shell’s dividend payout ratio is presently 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.