InTrack Investment Management Inc Has $506,000 Stock Position in Shell plc (NYSE:SHEL)

InTrack Investment Management Inc grew its holdings in Shell plc (NYSE:SHEL) by 17.3% during the 4th quarter, Holdings Channel reports. The firm owned 7,682 shares of the energy company’s stock after purchasing an additional 1,135 shares during the period. InTrack Investment Management Inc’s holdings in Shell were worth $506,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SHEL. Shikiar Asset Management Inc. acquired a new stake in shares of Shell during the fourth quarter worth $219,000. Brooklyn Investment Group increased its stake in shares of Shell by 326.3% in the 4th quarter. Brooklyn Investment Group now owns 2,272 shares of the energy company’s stock valued at $142,000 after acquiring an additional 1,739 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Shell in the 4th quarter valued at approximately $360,000. Chemistry Wealth Management LLC grew its holdings in Shell by 4.3% during the fourth quarter. Chemistry Wealth Management LLC now owns 8,376 shares of the energy company’s stock valued at $525,000 after purchasing an additional 344 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its stake in Shell by 36.8% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 11,735 shares of the energy company’s stock valued at $735,000 after purchasing an additional 3,159 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

Shares of NYSE SHEL opened at $66.74 on Friday. 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 capitalization of $205.36 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 5.60 and a beta of 0.55. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The business has a 50-day moving average of $64.19 and a 200-day moving average of $67.86.

Shell Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Citigroup raised shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Barclays raised Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company cut their price target on shares of Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Scotiabank dropped their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price 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.