Rise Advisors LLC Has $56,000 Holdings in Shell plc (NYSE:SHEL)

Rise Advisors LLC trimmed its stake in Shell plc (NYSE:SHEL) by 23.0% during the fourth quarter, Holdings Channel reports. The fund owned 893 shares of the energy company’s stock after selling 267 shares during the quarter. Rise Advisors LLC’s holdings in Shell were worth $56,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of Shell by 5.2% during the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock worth $4,306,465,000 after purchasing an additional 3,255,347 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Shell by 2.1% during the third quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after buying an additional 507,311 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Shell by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company’s stock worth $1,640,082,000 after acquiring an additional 96,549 shares during the last quarter. Franklin Resources Inc. increased its position in Shell by 0.9% during the third quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock worth $408,430,000 after acquiring an additional 55,637 shares during the period. Finally, Mawer Investment Management Ltd. boosted its holdings in Shell by 8.7% in the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock valued at $348,405,000 after purchasing an additional 422,329 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Price Performance

Shares of NYSE:SHEL traded up $1.34 during midday trading on Tuesday, reaching $66.09. The company’s stock had a trading volume of 3,404,141 shares, compared to its average volume of 4,071,434. The business’s fifty day simple moving average is $64.49 and its 200-day simple moving average is $68.17. The company has a market capitalization of $203.37 billion, a P/E ratio of 13.60, a P/E/G ratio of 4.84 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. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were given a dividend of $0.688 per share. The ex-dividend date was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.16%. Shell’s payout ratio is 56.58%.

Analyst Ratings Changes

A number of brokerages have recently commented on SHEL. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Wells Fargo & Company reduced their price objective on Shell from $88.00 to $87.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Barclays upgraded Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Scotiabank decreased their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $66.50 to $79.80 in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $79.83.

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.