Clarius Group LLC Sells 435 Shares of Shell plc (NYSE:SHEL)

Clarius Group LLC trimmed its position in Shell plc (NYSE:SHEL) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,191 shares of the energy company’s stock after selling 435 shares during the quarter. Clarius Group LLC’s holdings in Shell were worth $576,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC acquired a new stake in shares of Shell during the 3rd quarter valued at about $30,000. Fairscale Capital LLC bought a new stake in shares of Shell in the 2nd quarter valued at approximately $33,000. Valley Wealth Managers Inc. acquired a new position in shares of Shell in the 3rd quarter worth approximately $33,000. Brooklyn Investment Group acquired a new stake in Shell in the 3rd quarter valued at $35,000. Finally, GHP Investment Advisors Inc. raised its stake in Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after acquiring an additional 163 shares in the last quarter. 28.60% of the stock is owned by institutional investors.

Shell Stock Up 0.4 %

Shares of NYSE:SHEL opened at $66.74 on Monday. The company has a 50 day moving average of $64.19 and a 200-day moving average of $67.78. Shell plc has a one year low of $60.15 and a one year high of $74.61. The stock has a market cap of $205.36 billion, a price-to-earnings ratio of 13.73, a P/E/G 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.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders 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 dividend yield of 4.12%. Shell’s dividend payout ratio is currently 56.58%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SHEL. 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 report on Tuesday, January 7th. Wells Fargo & Company cut their target price on shares of Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Scotiabank dropped their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Sanford C. Bernstein raised Shell to a “strong-buy” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Shell presently has a consensus rating of “Buy” and an average target price of $79.69.

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.