Rep. Morgan McGarvey Sells Shell plc (NYSE:SHEL) Stock

Representative Morgan McGarvey (D-Kentucky) recently sold shares of Shell plc NYSE: SHEL. In a filing disclosed on December 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Shell stock on November 13th. The trade occurred in the Representative's "CHRIS IRA" account.

Representative Morgan McGarvey also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 11/13/2024.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 11/13/2024.
• Sold $1,001 - $15,000 in shares of Interactive Brokers Group NASDAQ: IBKR on 11/13/2024.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 11/13/2024.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 11/13/2024.
• Sold $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 11/13/2024.
• Sold $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 11/13/2024.
• Sold $1,001 - $15,000 in shares of Trump Media & Technology Group NASDAQ: DJT on 11/8/2024.
• Purchased $1,001 - $15,000 in shares of Trump Media & Technology Group NASDAQ: DJT on 11/6/2024.
• Purchased $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 10/25/2024.

Shell Trading Down 0.5 %

Shares of SHEL traded down $0.32 during trading hours on Thursday, hitting $64.21. The company had a trading volume of 2,805,049 shares, compared to its average volume of 4,198,846. The stock's 50 day moving average price is $66.42 and its 200 day moving average price is $69.21. 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 plc has a 52-week low of $60.34 and a 52-week high of $74.61. The firm has a market cap of $198.76 billion, a P/E ratio of 13.28, a P/E/G ratio of 1.94 and a beta of 0.55.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be given a dividend of $0.688 per share. The ex-dividend date is Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.29%. Shell's dividend payout ratio (DPR) is presently 56.58%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup raised Shell to a "hold" rating in a research report on Wednesday, October 2nd. Scotiabank cut their target price on Shell from $90.00 to $80.00 and set a "sector outperform" rating on the stock in a research note on Thursday, October 10th. Barclays upgraded shares of Shell to a "strong-buy" rating in a research note on Wednesday, October 2nd. Wells Fargo & Company decreased their target price on shares of Shell from $88.00 to $87.00 and set an "overweight" rating for the company in a report on Monday. Finally, Sanford C. Bernstein upgraded shares of Shell to a "strong-buy" rating in a report on Friday, October 11th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $81.75.

Hedge Funds Weigh In On Shell

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hobbs Group Advisors LLC acquired a new position in shares of Shell in the second quarter valued at approximately $26,000. Fortitude Family Office LLC acquired a new position in shares of Shell during the third quarter worth about $30,000. Triad Wealth Partners LLC purchased a new position in Shell during the second quarter worth about $31,000. Fairscale Capital LLC purchased a new position in Shell in the second quarter worth $33,000. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of Shell during the 3rd quarter valued at approximately $33,000. 28.60% of the stock is owned by institutional investors and hedge funds.

About Representative McGarvey

Morgan McGarvey (Democratic Party) is a member of the U.S. House, representing Kentucky's 3rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. McGarvey (Democratic Party) is running for re-election to the U.S. House to represent Kentucky's 3rd Congressional District. He declared candidacy for the Democratic primary scheduled on May 21, 2024. McGarvey served as state Senate minority leader from 2019 to 2023. Morgan McGarvey was born in Louisville, Kentucky. McGarvey earned a bachelor's degree in journalism from the University of Missouri and a law degree from the University of Kentucky. His career experience includes working as an attorney with Morgan & Pottinger PSC. McGarvey has been affiliated with the Young Professionals Association of Louisville and the New Leaders Council.

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.