Vestmark Advisory Solutions Inc. lessened its stake in shares of Shell plc (NYSE:SHEL – Get Rating) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,876 shares of the energy company’s stock after selling 2,801 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Shell were worth $2,214,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Farmers & Merchants Trust Co of Chambersburg PA raised its position in shares of Shell by 54.3% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 793 shares of the energy company’s stock worth $45,000 after acquiring an additional 279 shares during the last quarter. Eastover Investment Advisors LLC raised its position in shares of Shell by 1.0% during the fourth quarter. Eastover Investment Advisors LLC now owns 102,470 shares of the energy company’s stock worth $5,836,000 after acquiring an additional 1,033 shares during the last quarter. HB Wealth Management LLC raised its position in shares of Shell by 15.9% during the fourth quarter. HB Wealth Management LLC now owns 26,893 shares of the energy company’s stock worth $1,532,000 after acquiring an additional 3,690 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of Shell during the fourth quarter worth $2,647,000. Finally, First Command Bank grew its stake in shares of Shell by 52.3% during the fourth quarter. First Command Bank now owns 766 shares of the energy company’s stock worth $44,000 after purchasing an additional 263 shares during the period. Institutional investors own 7.74% of the company’s stock.
Shell Stock Performance
SHEL opened at $57.54 on Friday. Shell plc has a 52-week low of $44.90 and a 52-week high of $62.75. The firm has a market capitalization of $200.55 billion, a PE ratio of 5.04, a PEG ratio of 0.62 and a beta of 0.65. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.37. The business’s 50-day simple moving average is $59.07 and its 200 day simple moving average is $56.44.
Shell Increases Dividend
Analysts Set New Price Targets
A number of equities research analysts recently commented on SHEL shares. The Goldman Sachs Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Monday, February 27th. Morgan Stanley cut Shell from an “equal weight” rating to an “underweight” rating in a research note on Thursday, February 9th. JPMorgan Chase & Co. boosted their target price on Shell from GBX 2,900 ($35.63) to GBX 2,950 ($36.25) in a research note on Friday, December 2nd. AlphaValue raised Shell to a “reduce” rating in a research note on Tuesday, February 28th. Finally, Berenberg Bank boosted their price target on Shell from GBX 2,900 ($35.63) to GBX 3,000 ($36.86) in a report on Friday, February 17th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $2,879.86.
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 necessary to deliver gas to market.
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