Kieckhefer Group LLC Invests $40,000 in Shell plc (NYSE:SHEL)

Kieckhefer Group LLC bought a new stake in Shell plc (NYSE:SHEL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 634 shares of the energy company’s stock, valued at approximately $40,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SHEL. Fortitude Family Office LLC purchased a new position in shares of Shell during the 3rd quarter worth $30,000. Fairscale Capital LLC purchased a new position in Shell during the second quarter worth about $33,000. Valley Wealth Managers Inc. purchased a new stake in Shell in the 3rd quarter valued at about $33,000. Brooklyn Investment Group purchased a new position in shares of Shell during the 3rd quarter worth about $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 purchasing an additional 163 shares during the period. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Friday, January 3rd. Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company decreased their price target on shares of Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research report on Friday. Scotiabank reduced their price objective on 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 raised Shell from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Shell currently has a consensus rating of “Buy” and an average target price of $79.69.

Shell Stock Up 0.4 %

Shares of NYSE:SHEL traded up $0.28 during midday trading on Monday, reaching $65.22. The company had a trading volume of 1,503,358 shares, compared to its average volume of 4,222,879. The stock has a market capitalization of $200.70 billion, a P/E ratio of 13.42, a PEG ratio of 4.84 and a beta of 0.55. The stock’s fifty day moving average price is $64.38 and its 200-day moving average price is $68.01. 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 one year low of $60.15 and a one year high of $74.61.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were issued a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio is currently 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.