Shell plc (NYSE:SHEL) Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC reduced its stake in Shell plc (NYSE:SHEL) by 14.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,010 shares of the energy company’s stock after selling 2,085 shares during the quarter. Radnor Capital Management LLC’s holdings in Shell were worth $752,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Laurel Wealth Advisors LLC raised its holdings in Shell by 27.1% in the 4th quarter. Laurel Wealth Advisors LLC now owns 2,165 shares of the energy company’s stock valued at $136,000 after acquiring an additional 461 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of Shell by 40.8% in the fourth quarter. Park Avenue Securities LLC now owns 66,911 shares of the energy company’s stock valued at $4,192,000 after purchasing an additional 19,373 shares during the period. Pines Wealth Management LLC purchased a new position in Shell during the fourth quarter worth about $717,000. Miracle Mile Advisors LLC boosted its stake in Shell by 62.8% in the 4th quarter. Miracle Mile Advisors LLC now owns 22,439 shares of the energy company’s stock worth $1,406,000 after buying an additional 8,655 shares during the last quarter. Finally, JCIC Asset Management Inc. increased its stake in shares of Shell by 1.2% during the 4th quarter. JCIC Asset Management Inc. now owns 46,082 shares of the energy company’s stock valued at $2,887,000 after acquiring an additional 560 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. Scotiabank reduced their target price on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, Barclays upgraded Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $79.69.

Shell Stock Performance

Shares of SHEL stock opened at $66.39 on Thursday. Shell plc has a 52 week low of $60.15 and a 52 week high of $74.61. The company has a market cap of $204.30 billion, a P/E ratio of 13.66, a PEG ratio of 4.84 and a beta of 0.55. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average of $64.24 and a two-hundred day moving average of $67.91.

Shell Dividend Announcement

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

Shell 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.