Park Avenue Securities LLC Boosts Stock Position in Shell plc (NYSE:SHEL)

Park Avenue Securities LLC lifted its holdings in Shell plc (NYSE:SHEL - Free Report) by 40.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,911 shares of the energy company's stock after buying an additional 19,373 shares during the period. Park Avenue Securities LLC's holdings in Shell were worth $4,192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SHEL. Fortitude Family Office LLC acquired a new position in shares of Shell during the 3rd quarter valued at about $30,000. Fairscale Capital LLC purchased a new position in Shell during the second quarter worth about $33,000. Valley Wealth Managers Inc. purchased a new stake in shares of Shell in the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new stake in shares of Shell during the 3rd quarter worth approximately $35,000. Finally, GHP Investment Advisors Inc. raised its position in shares of Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company's stock valued at $37,000 after buying an additional 163 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SHEL shares. Citigroup raised Shell to a "hold" rating in a research note on Wednesday, October 2nd. Barclays upgraded shares of Shell to a "strong-buy" rating in a report on Wednesday, October 2nd. Scotiabank lowered their target price on shares of Shell from $90.00 to $80.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. Morgan Stanley upgraded shares of Shell from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, Wells Fargo & Company dropped their target price on shares of Shell from $87.00 to $86.00 and set an "overweight" rating for the company in a report on Friday, January 10th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $79.69.

Shell Stock Up 0.4 %

Shares of Shell stock traded up $0.29 during trading hours on Friday, reaching $66.74. 3,486,045 shares of the company were exchanged, compared to its average volume of 4,242,413. The firm has a market cap of $205.36 billion, a PE 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 plc has a 1 year low of $60.15 and a 1 year high of $74.61. The stock's fifty day moving average is $64.20 and its 200 day moving average is $67.90.

Shell Announces Dividend

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 of this dividend was Friday, November 15th. Shell's 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.