Shell plc (NYSE:SHEL) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. raised its holdings in shares of Shell plc (NYSE:SHEL) by 106.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,587 shares of the energy company’s stock after purchasing an additional 10,121 shares during the quarter. Blue Trust Inc.’s holdings in Shell were worth $1,313,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Triad Wealth Partners LLC acquired a new position in shares of Shell in the 2nd quarter worth approximately $31,000. Beaird Harris Wealth Management LLC grew its position in shares of Shell by 611.1% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after acquiring an additional 385 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Shell by 90.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 495 shares of the energy company’s stock worth $33,000 after purchasing an additional 235 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Shell in the 1st quarter worth approximately $47,000. Finally, Fairman Group LLC bought a new stake in shares of Shell in the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Up 0.3 %

NYSE SHEL traded up $0.20 on Friday, reaching $72.68. The stock had a trading volume of 3,021,388 shares, compared to its average volume of 4,160,733. The business has a 50 day moving average price of $71.74 and a 200 day moving average price of $69.53. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. Shell plc has a 1 year low of $60.13 and a 1 year high of $74.61. The company has a market capitalization of $229.82 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 1.59 and a beta of 0.59.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. Shell had a return on equity of 14.56% and a net margin of 5.97%. The company had revenue of $75.06 billion during the quarter, compared to analysts’ expectations of $88.62 billion. During the same quarter in the previous year, the firm earned $1.50 earnings per share. On average, analysts forecast that Shell plc will post 8.63 EPS for the current fiscal year.

Shell Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, August 16th will be given a dividend of $0.688 per share. The ex-dividend date is Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 3.79%. Shell’s dividend payout ratio is presently 50.74%.

Wall Street Analyst Weigh In

Several analysts have weighed in on SHEL shares. Argus lifted their target price on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Wolfe Research began coverage on Shell in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. TD Securities boosted 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. Finally, Wells Fargo & Company dropped their price objective on Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.00.

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.