Advisors Management Group Inc. ADV Sells 346 Shares of Shell plc (NYSE:SHEL)

Advisors Management Group Inc. ADV trimmed its stake in Shell plc (NYSE:SHEL) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,848 shares of the energy company’s stock after selling 346 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in Shell were worth $2,434,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. FMR LLC raised its stake in Shell by 5.2% in 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 during the period. Empyrean Capital Partners LP purchased a new stake in shares of Shell during the 2nd quarter valued at approximately $151,578,000. Jennison Associates LLC grew 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 lifted its position in shares of 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 acquiring an additional 866,954 shares in the last quarter. Finally, Mediolanum International Funds Ltd bought a new position in shares of Shell in the third quarter worth $37,274,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Ratings Changes

SHEL has been the subject of a number of recent analyst reports. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Scotiabank dropped their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Finally, Barclays raised shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $79.69.

Shell Stock Performance

Shell stock opened at $66.39 on Thursday. 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 cap of $204.30 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 5.60 and a beta of 0.55. The stock’s 50 day simple moving average is $64.24 and its two-hundred day simple moving average is $67.91. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40.

Shell Announces Dividend

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

About Shell

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.