Romano Brothers AND Company Has $456,000 Stake in Shell plc (NYSE:SHEL)

Romano Brothers AND Company lessened its position in shares of Shell plc (NYSE:SHEL) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,284 shares of the energy company’s stock after selling 250 shares during the period. Romano Brothers AND Company’s holdings in Shell were worth $456,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Procyon Advisors LLC raised its stake in shares of Shell by 3.2% during the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock valued at $335,000 after purchasing an additional 159 shares during the period. GHP Investment Advisors Inc. boosted its holdings in Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after purchasing an additional 163 shares during the period. Doliver Advisors LP grew its position in shares of Shell by 5.2% during the 4th quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock valued at $228,000 after purchasing an additional 180 shares in the last quarter. OneDigital Investment Advisors LLC raised its position in shares of Shell by 2.5% in the third quarter. OneDigital Investment Advisors LLC now owns 7,889 shares of the energy company’s stock worth $520,000 after buying an additional 196 shares in the last quarter. Finally, Bridge Creek Capital Management LLC grew its position in Shell by 0.4% during the fourth quarter. Bridge Creek Capital Management LLC now owns 53,514 shares of the energy company’s stock worth $3,353,000 after buying an additional 196 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Barclays upgraded shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Friday, January 3rd. Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research note on Friday, October 11th. One 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 MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $79.69.

Shell Price Performance

SHEL opened at $66.74 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The stock’s 50 day simple moving average is $64.19 and its 200 day simple moving average is $67.78. The firm has a market cap of $205.36 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 5.60 and a beta of 0.55. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were issued a dividend of $0.688 per share. The ex-dividend date was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.12%. 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.