Heritage Investors Management Corp Has $6.46 Million Holdings in Shell plc (NYSE:SHEL)

Heritage Investors Management Corp reduced its position in Shell plc (NYSE:SHEL) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 98,140 shares of the energy company’s stock after selling 2,243 shares during the quarter. Heritage Investors Management Corp’s holdings in Shell were worth $6,458,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Provence Wealth Management Group bought a new stake in Shell in the third quarter valued at $26,000. VisionPoint Advisory Group LLC acquired a new position in Shell during the 3rd quarter worth approximately $26,000. Rise Advisors LLC grew its stake in Shell by 84.4% in the fourth quarter. Rise Advisors LLC now owns 413 shares of the energy company’s stock valued at $27,000 after acquiring an additional 189 shares during the period. Valley National Advisers Inc. increased its holdings 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 acquiring an additional 283 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Shell in the 3rd quarter worth $32,000. Institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

Shares of SHEL stock traded up $0.92 on Thursday, hitting $73.55. 4,172,991 shares of the stock were exchanged, compared to its average volume of 4,653,999. Shell plc has a one year low of $55.78 and a one year high of $73.94. The firm’s 50 day moving average is $69.23 and its two-hundred day moving average is $66.18. The firm has a market capitalization of $236.66 billion, a PE ratio of 13.57, a P/E/G ratio of 1.70 and a beta of 0.59. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 17th will be paid a dividend of $0.688 per share. 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 3.74%. The ex-dividend date is Thursday, May 16th. Shell’s dividend payout ratio is presently 50.74%.

Analysts Set New Price Targets

Several research analysts have weighed in on SHEL shares. TheStreet upgraded shares of Shell from a “c” rating to a “b-” rating in a report on Monday, January 29th. Wells Fargo & Company lifted their price target on Shell from $88.00 to $91.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Finally, TD Securities increased their price objective on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $66.50.

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.