Brookstone Capital Management Lowers Holdings in Shell plc (NYSE:SHEL)

Brookstone Capital Management lowered its position in Shell plc (NYSE:SHEL) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,381 shares of the energy company’s stock after selling 297 shares during the quarter. Brookstone Capital Management’s holdings in Shell were worth $274,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new position in Shell in the third quarter worth approximately $30,000. Fairscale Capital LLC purchased a new position in Shell in the second quarter worth approximately $33,000. Valley Wealth Managers Inc. purchased a new stake in shares of Shell during the 3rd quarter worth approximately $33,000. Brooklyn Investment Group purchased a new stake in shares of Shell during the 3rd quarter worth approximately $35,000. Finally, GHP Investment Advisors Inc. lifted its position in shares of Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after buying an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

NYSE:SHEL opened at $66.74 on Friday. 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 fifty-two week low of $60.15 and a fifty-two week high of $74.61. The stock has a market cap of $205.36 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 5.60 and a beta of 0.55. The firm’s fifty day simple moving average is $64.19 and its 200-day simple moving average is $67.82.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were paid a dividend of $0.688 per share. The ex-dividend date was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.12%. Shell’s dividend payout ratio (DPR) is presently 56.58%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SHEL shares. Scotiabank reduced their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Friday, January 3rd. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Citigroup raised shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. One 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. According to MarketBeat.com, Shell has a consensus rating of “Buy” and a consensus price target of $79.69.

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.