Woodstock Corp Has $8.90 Million Stock Position in Shell plc (NYSE:SHEL)

Woodstock Corp increased its position in shares of Shell plc (NYSE:SHEL) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,051 shares of the energy company’s stock after acquiring an additional 968 shares during the quarter. Woodstock Corp’s holdings in Shell were worth $8,900,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHEL. Fairscale Capital LLC bought a new stake in shares of Shell during the 2nd quarter valued at $33,000. Fortitude Family Office LLC acquired a new stake in shares of Shell during the third quarter worth $30,000. Valley Wealth Managers Inc. acquired a new position in Shell in the third quarter valued at about $33,000. Brooklyn Investment Group bought a new position in Shell during the third quarter worth about $35,000. Finally, GHP Investment Advisors Inc. grew its position in shares of Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $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.

Wall Street Analyst Weigh In

SHEL has been the topic of several recent analyst reports. Citigroup raised shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Piper Sandler decreased their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Wells Fargo & Company dropped their price objective on Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Scotiabank dropped their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. 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’s stock. According to MarketBeat, Shell presently has an average rating of “Buy” and a consensus target price of $79.69.

Shell Stock Up 0.1 %

SHEL stock opened at $66.46 on Friday. The business has a 50-day moving average of $64.20 and a 200-day moving average of $67.90. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The stock has a market capitalization of $204.50 billion, a P/E ratio of 13.67, 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were issued a $0.688 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.14%. Shell’s dividend payout ratio (DPR) is presently 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.