Whittier Trust Co. Buys 1,810 Shares of Shell plc (NYSE:SHEL)

Whittier Trust Co. increased its stake in Shell plc (NYSE:SHEL) by 9.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,060 shares of the energy company’s stock after purchasing an additional 1,810 shares during the period. Whittier Trust Co.’s holdings in Shell were worth $1,520,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hobbs Group Advisors LLC acquired a new position in shares of Shell in the 2nd quarter valued at approximately $26,000. Triad Wealth Partners LLC bought a new stake in Shell during the second quarter worth $31,000. Beaird Harris Wealth Management LLC boosted its holdings 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 valued at $29,000 after purchasing an additional 385 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Shell by 90.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 495 shares of the energy company’s stock worth $33,000 after buying an additional 235 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in shares of Shell during the 1st quarter worth $47,000. Institutional investors own 28.60% of the company’s stock.

Shell Trading Up 0.8 %

Shares of SHEL stock opened at $72.53 on Friday. The stock has a 50-day moving average of $72.17 and a 200-day moving average of $70.07. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61. The stock has a market cap of $229.34 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.60 and a beta of 0.59. 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 (NYSE:SHEL) last issued its 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 business had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. During the same period in the previous year, the company posted $1.50 earnings per share. On average, equities research analysts forecast that Shell plc will post 8.63 earnings per share for the current year.

Shell Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SHEL shares. Wells Fargo & Company reduced their price target on shares of Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. Scotiabank dropped their price target on Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Argus upped their price objective on Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Two research 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 stock. According to MarketBeat.com, Shell presently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

Shell Company 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.