GAMMA Investing LLC Cuts Stock Position in Shell plc (NYSE:SHEL)

GAMMA Investing LLC trimmed its position in Shell plc (NYSE:SHEL) by 18.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,107 shares of the energy company’s stock after selling 954 shares during the period. GAMMA Investing LLC’s holdings in Shell were worth $257,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC purchased a new stake in Shell during the 3rd quarter worth approximately $30,000. Fairscale Capital LLC acquired a new position in shares of Shell in the 2nd quarter valued at $33,000. Valley Wealth Managers Inc. purchased a new position in Shell in the 3rd quarter worth $33,000. Brooklyn Investment Group acquired a new stake in Shell during the 3rd quarter worth about $35,000. Finally, GHP Investment Advisors Inc. increased its holdings 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. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Price Performance

Shares of NYSE SHEL opened at $65.98 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The firm has a market cap of $203.04 billion, a PE ratio of 13.58, a PEG ratio of 4.84 and a beta of 0.55. Shell plc has a one year low of $60.15 and a one year high of $74.61. The firm has a fifty day moving average of $64.50 and a 200 day moving average of $68.15.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were paid a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio is presently 56.58%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Scotiabank dropped their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $66.50 to $79.80 in a report on Tuesday. Piper Sandler lowered their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Citigroup raised Shell to a “hold” rating in a report on Wednesday, October 2nd. Finally, Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $79.83.

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 to deliver gas to market.