Rep. Josh Gottheimer Sells Shares of Shell plc (NYSE:SHEL)

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Shell plc NYSE: SHEL. In a filing disclosed on January 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Shell stock on December 16th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Block NYSE: SQ on 12/30/2024.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 12/30/2024.
• Sold $1,001 - $15,000 in shares of Ambev NYSE: ABEV on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Grupo Financiero Banorte OTCMKTS: GBOOY on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Cadre NYSE: CDRE on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Coloplast A/S OTCMKTS: CLPBY on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 12/23/2024.
• Sold $1,001 - $15,000 in shares of Trane Technologies NYSE: TT on 12/23/2024.
• Purchased $1,001 - $15,000 in shares of Walmart NYSE: WMT on 12/20/2024.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 12/19/2024.

Shell Stock Up 0.7 %

Shares of NYSE:SHEL opened at $66.39 on Thursday. The stock has a market cap of $204.30 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 5.60 and a beta of 0.55. The business's 50 day moving average is $64.24 and its 200 day moving average is $67.91. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were issued a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date was Friday, November 15th. Shell's dividend payout ratio is currently 56.58%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SHEL shares. Wells Fargo & Company reduced their target price 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. Sanford C. Bernstein upgraded shares of Shell to a "strong-buy" rating in a research note on Friday, October 11th. Barclays upgraded Shell to a "strong-buy" rating in a research note on Wednesday, October 2nd. Piper Sandler dropped their price target on Shell from $82.00 to $72.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Finally, Wolfe Research raised Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a research report on Friday, January 3rd. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $79.69.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. FMR LLC raised 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 valued at $4,306,465,000 after acquiring an additional 3,255,347 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Shell by 2.1% during the 3rd quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company's stock valued at $1,617,796,000 after buying an additional 507,311 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Shell by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company's stock worth $1,640,082,000 after buying an additional 96,549 shares during the period. Franklin Resources Inc. raised its holdings in Shell by 0.9% during the 3rd quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company's stock valued at $408,430,000 after acquiring an additional 55,637 shares during the period. Finally, Mawer Investment Management Ltd. lifted its position in shares of Shell by 8.7% during the third quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company's stock worth $348,405,000 after acquiring an additional 422,329 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company's stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.