Shell plc (NYSE:SHEL) Shares Acquired by Whittier Trust Co.

Whittier Trust Co. boosted its holdings in Shell plc (NYSE:SHEL) by 3.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,851 shares of the energy company’s stock after acquiring an additional 791 shares during the period. Whittier Trust Co.’s holdings in Shell were worth $1,441,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in Shell by 5.0% in the 1st quarter. International Assets Investment Management LLC now owns 5,063 shares of the energy company’s stock valued at $344,000 after buying an additional 239 shares during the period. Global Assets Advisory LLC purchased a new stake in shares of Shell in the 1st quarter valued at approximately $2,286,000. Mcdonald Partners LLC purchased a new position in shares of Shell during the 1st quarter worth approximately $200,000. Sunbelt Securities Inc. raised its position in Shell by 2.4% in the first quarter. Sunbelt Securities Inc. now owns 14,394 shares of the energy company’s stock valued at $965,000 after purchasing an additional 337 shares during the period. Finally, Brookstone Capital Management lifted its stake in Shell by 22.1% during the first quarter. Brookstone Capital Management now owns 13,038 shares of the energy company’s stock worth $874,000 after purchasing an additional 2,358 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

Shares of SHEL opened at $67.01 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The firm’s fifty day simple moving average is $69.00 and its 200-day simple moving average is $70.82. The firm has a market capitalization of $208.54 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 1.55 and a beta of 0.56. Shell plc has a twelve month low of $60.34 and a twelve month high of $74.61.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $88.62 billion. During the same period in the prior year, the firm posted $1.50 EPS. Equities analysts forecast that Shell plc will post 8.45 EPS for the current fiscal year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, August 16th were issued a dividend of $0.688 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.75 dividend on an annualized basis and a yield of 4.11%. Shell’s payout ratio is currently 49.11%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SHEL shares. Berenberg Bank upgraded Shell to a “strong-buy” rating in a report on Monday, August 5th. Scotiabank reduced their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Citigroup raised shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Wolfe Research started coverage on Shell in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $82.00.

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.