Leibman Financial Services Inc. Has $495,000 Position in Shell plc (NYSE:SHEL)

Leibman Financial Services Inc. trimmed its position in shares of Shell plc (NYSE:SHEL) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,901 shares of the energy company’s stock after selling 371 shares during the period. Leibman Financial Services Inc.’s holdings in Shell were worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SHEL. Fortitude Family Office LLC bought a new stake in Shell in the third quarter worth $30,000. Fairscale Capital LLC bought a new stake in shares of Shell during the 2nd quarter worth about $33,000. Valley Wealth Managers Inc. bought a new position in shares of Shell in the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group bought a new stake in Shell during the third quarter worth approximately $35,000. Finally, GHP Investment Advisors Inc. raised its position 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 purchasing an additional 163 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shell stock opened at $64.99 on Tuesday. The business’s 50-day simple moving average is $64.32 and its 200 day simple moving average is $67.96. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The stock has a market cap of $199.99 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 4.84 and a beta of 0.55. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61.

Shell Dividend Announcement

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

Analysts Set New Price Targets

SHEL has been the subject of a number of recent analyst reports. 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. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Friday, January 3rd. Wells Fargo & Company lowered their price objective on shares of Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday. Barclays upgraded shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Scotiabank dropped 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. One 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 MarketBeat.com, Shell currently has an average rating of “Buy” and an average target price of $79.69.

Shell Profile

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.