Ken Fisher is Selling These 5 Stocks in 2022

3. Shell PLC (NYSE:SHEL)

Ken Fisher’s hedge fund sold its $813 million stake in Shell PLC (NYSE:SHEL) in the first quarter of 2022. The stock is up 43% in the past 12 months. Shell PLC (NYSE: SHEL)’s board recently announced an interim dividend in respect of Q1 of 25c per ordinary share.

Hedge funds are loading up on Shell PLC (NYSE: SHEL) stock amid a rebound in oil prices due to the geopolitical tensions around the world and increasing economic activity after the pandemic. 41 hedge funds had stakes in Shell PLC (NYSE:SHEL) at the end of the fourth quarter of 2021, compared to 33 funds a quarter earlier.