Barclays PLC Has $218,000 Stock Position in Shell plc (NYSE:SHEL)

Barclays PLC decreased its position in Shell plc (NYSE:SHEL) by 33.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,312 shares of the energy company’s stock after selling 1,650 shares during the period. Barclays PLC’s holdings in Shell were worth $218,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SHEL. Fortitude Family Office LLC bought a new stake in shares of Shell in the 3rd quarter valued at approximately $30,000. Fairscale Capital LLC bought a new position in Shell in the 2nd quarter valued at $33,000. Valley Wealth Managers Inc. bought a new position in Shell in the 3rd quarter valued at $33,000. Brooklyn Investment Group bought a new position in Shell in the 3rd quarter valued at $35,000. Finally, GHP Investment Advisors Inc. lifted its stake in shares of Shell by 40.8% in the 3rd 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. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Friday. Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. Scotiabank lowered their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Wells Fargo & Company lowered their target price on Shell from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Finally, Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $79.83.

Shell Stock Performance

NYSE SHEL opened at $64.73 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. 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 $199.19 billion, a PE ratio of 13.32, a PEG ratio of 4.84 and a beta of 0.55. The firm’s fifty day moving average price is $64.49 and its two-hundred day moving average price is $68.17.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were issued a $0.688 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.75 annualized dividend and a yield of 4.25%. Shell’s payout ratio is 56.58%.

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.