International Assets Investment Management LLC Sells 669 Shares of Shell plc (NYSE:SHEL)

International Assets Investment Management LLC lowered its stake in Shell plc (NYSE:SHEL) by 12.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,824 shares of the energy company’s stock after selling 669 shares during the quarter. International Assets Investment Management LLC’s holdings in Shell were worth $317,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHEL. Provence Wealth Management Group purchased a new position in shares of Shell during the third quarter valued at approximately $26,000. VisionPoint Advisory Group LLC purchased a new position in shares of Shell during the third quarter valued at approximately $26,000. Rise Advisors LLC increased its stake in shares of Shell by 84.4% during the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after buying an additional 189 shares during the period. Valley National Advisers Inc. increased its stake in shares of Shell by 217.7% during the fourth quarter. Valley National Advisers Inc. now owns 413 shares of the energy company’s stock valued at $27,000 after buying an additional 283 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of Shell during the third quarter valued at approximately $32,000. Institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Shell from $88.00 to $91.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. TheStreet raised Shell from a “c” rating to a “b-” rating in a research note on Monday, January 29th. Finally, TD Securities upped their price target on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.50.

Shell Trading Down 1.3 %

NYSE SHEL opened at $70.49 on Thursday. Shell plc has a 12 month low of $55.78 and a 12 month high of $74.61. The stock has a market cap of $225.22 billion, a P/E ratio of 13.00, a P/E/G ratio of 1.86 and a beta of 0.59. The stock’s fifty day moving average price is $70.76 and its 200-day moving average price is $66.57. The company has a current ratio of 1.42, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, May 17th will be paid a $0.688 dividend. This is a boost from Shell’s previous quarterly dividend of $0.66. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, May 16th. Shell’s dividend payout ratio is currently 50.74%.

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.