Rep. Josh Gottheimer Sells Shell plc (NYSE:SHEL) Shares

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Shell plc (NYSE:SHEL). In a filing disclosed on January 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Shell stock on December 16th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Block (NYSE:SQ) on 12/30/2024.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 12/30/2024.
• Sold $1,001 – $15,000 in shares of Ambev (NYSE:ABEV) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Grupo Financiero Banorte (OTCMKTS:GBOOY) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Cadre (NYSE:CDRE) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Coloplast A/S (OTCMKTS:CLPBY) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 12/23/2024.
• Sold $1,001 – $15,000 in shares of Trane Technologies (NYSE:TT) on 12/23/2024.
• Purchased $1,001 – $15,000 in shares of Walmart (NYSE:WMT) on 12/20/2024.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 12/19/2024.

Shell Stock Up 0.7 %

NYSE:SHEL opened at $66.39 on Thursday. Shell plc has a 1-year low of $60.15 and a 1-year high of $74.61. The company has a market capitalization of $204.30 billion, a PE ratio of 13.66, a P/E/G ratio of 4.84 and a beta of 0.55. The firm’s 50-day moving average price is $64.24 and its 200-day moving average price is $67.91. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were issued a $0.688 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.15%. Shell’s dividend payout ratio (DPR) is 56.58%.

Wall Street Analyst Weigh In

SHEL has been the subject of several recent research reports. Piper Sandler lowered their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. 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 raised shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Citigroup raised Shell to a “hold” rating in a research report on Wednesday, October 2nd. Finally, UBS Group raised Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $79.69.

Institutional Investors Weigh In On Shell

Hedge funds and other institutional investors have recently modified their holdings of the stock. HF Advisory Group LLC lifted its position in shares of Shell by 15.8% in the fourth quarter. HF Advisory Group LLC now owns 29,560 shares of the energy company’s stock valued at $1,852,000 after acquiring an additional 4,028 shares in the last quarter. Aaron Wealth Advisors LLC lifted its stake in shares of Shell by 15.4% during the 4th quarter. Aaron Wealth Advisors LLC now owns 18,769 shares of the energy company’s stock worth $1,176,000 after purchasing an additional 2,502 shares during the last quarter. Riversedge Advisors LLC increased its position in shares of Shell by 18.4% during the fourth quarter. Riversedge Advisors LLC now owns 3,602 shares of the energy company’s stock worth $226,000 after purchasing an additional 559 shares in the last quarter. Ameritas Advisory Services LLC grew its stake in shares of Shell by 18.5% during the fourth quarter. Ameritas Advisory Services LLC now owns 9,351 shares of the energy company’s stock worth $586,000 after acquiring an additional 1,459 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. raised its stake in shares of Shell by 74.3% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 40,518 shares of the energy company’s stock worth $2,538,000 after purchasing an additional 17,267 shares during the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer’s career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer’s committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.