Leibman Financial Services Inc. Sells 371 Shares of Shell plc (NYSE:SHEL)

Leibman Financial Services Inc. lowered its position in shares of Shell plc (NYSE:SHEL) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,901 shares of the energy company’s stock after selling 371 shares during the quarter. Leibman Financial Services Inc.’s holdings in Shell were worth $495,000 as of its most recent SEC filing.

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

Shell Stock Up 0.1 %

Shares of SHEL stock opened at $64.99 on Tuesday. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The stock has a market cap of $199.99 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 4.84 and a beta of 0.55. The firm’s 50-day moving average is $64.32 and its 200-day moving average is $67.96.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were paid a dividend of $0.688 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.23%. Shell’s dividend payout ratio is currently 56.58%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $66.50 to $79.80 in a research report on Tuesday, January 7th. Piper Sandler reduced their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Scotiabank lowered their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, Barclays raised shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Shell presently has a consensus rating of “Buy” and a consensus price target 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.