Shell plc (NYSE:SHEL) Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. decreased its position in shares of Shell plc (NYSE:SHEL) by 44.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,251 shares of the energy company’s stock after selling 3,419 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Shell were worth $266,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. FMR LLC increased its holdings in Shell by 5.2% during the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after acquiring an additional 3,255,347 shares in the last quarter. Empyrean Capital Partners LP acquired a new position in shares of Shell during the 2nd quarter worth approximately $151,578,000. Jennison Associates LLC lifted its stake in Shell by 188.0% in the 3rd quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock valued at $198,786,000 after buying an additional 1,967,672 shares in the last quarter. Holocene Advisors LP increased its position in Shell by 29.8% during the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock worth $248,870,000 after buying an additional 866,954 shares in the last quarter. Finally, Mediolanum International Funds Ltd purchased a new stake in shares of Shell in the third quarter valued at $37,274,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SHEL. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $66.50 to $79.80 in a research note on Tuesday, January 7th. Scotiabank decreased their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Piper Sandler cut their price target on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Citigroup raised Shell to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $79.69.

Shell Stock Performance

SHEL stock opened at $66.46 on Friday. The firm has a market cap of $204.50 billion, a P/E ratio of 13.67, a P/E/G ratio of 5.60 and a beta of 0.55. The stock’s 50 day simple moving average is $64.20 and its 200 day simple moving average is $67.90. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were issued a $0.688 dividend. This represents a $2.75 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio (DPR) 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.