11,043 Shares in Shell plc (NYSE:SHEL) Acquired by Pines Wealth Management LLC

Pines Wealth Management LLC acquired a new position in shares of Shell plc (NYSE:SHEL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,043 shares of the energy company's stock, valued at approximately $717,000.

Several other large investors also recently made changes to their positions in SHEL. Fortitude Family Office LLC acquired a new stake in shares of Shell in the third quarter valued at approximately $30,000. Fairscale Capital LLC bought a new stake in Shell in the 2nd quarter valued at $33,000. Valley Wealth Managers Inc. bought a new position in Shell during the third quarter worth $33,000. Brooklyn Investment Group acquired a new position in shares of Shell in the third quarter valued at $35,000. Finally, GHP Investment Advisors Inc. raised its position in shares of Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company's stock valued at $37,000 after purchasing an additional 163 shares during the period. Institutional investors and hedge funds own 28.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Piper Sandler reduced their price objective on Shell from $82.00 to $72.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. UBS Group upgraded Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. Barclays upgraded Shell to a "strong-buy" rating in a research report on Wednesday, October 2nd. Morgan Stanley upgraded shares of Shell from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Shell from $87.00 to $86.00 and set an "overweight" rating for the company in a research note on Friday, January 10th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $79.69.

Shell Price Performance

Shares of Shell stock traded up $0.48 on Wednesday, reaching $66.39. 3,458,863 shares of the stock were exchanged, compared to its average volume of 4,393,953. The firm's 50 day moving average is $64.28 and its 200-day moving average is $67.92. The firm has a market cap of $204.30 billion, a PE ratio of 13.66, a P/E/G ratio of 4.84 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 one year low of $60.15 and a one year high of $74.61.

Shell Announces Dividend

The firm also recently declared 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 4.15%. Shell's payout ratio is 56.58%.

About Shell

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.