CENTRAL TRUST Co Acquires 1,785 Shares of Shell plc (NYSE:SHEL)

CENTRAL TRUST Co grew its holdings in shares of Shell plc (NYSE:SHEL) by 7.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,199 shares of the energy company’s stock after acquiring an additional 1,785 shares during the quarter. CENTRAL TRUST Co’s holdings in Shell were worth $1,794,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Brookstone Capital Management grew its stake in shares of 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 buying an additional 2,358 shares during the last quarter. Wealthcare Advisory Partners LLC increased its holdings in Shell by 10.8% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 7,759 shares of the energy company’s stock worth $520,000 after purchasing an additional 759 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Shell during the first quarter valued at about $262,000. Kathmere Capital Management LLC grew its holdings in shares of Shell by 10.4% during the first quarter. Kathmere Capital Management LLC now owns 3,604 shares of the energy company’s stock worth $242,000 after purchasing an additional 340 shares during the last quarter. Finally, Symphony Financial Ltd. Co. bought a new position in Shell in the 1st quarter valued at approximately $206,000. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Performance

Shares of SHEL stock opened at $66.86 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35. Shell plc has a 52 week low of $60.34 and a 52 week high of $74.61. The firm has a 50 day moving average of $68.62 and a 200-day moving average of $70.73. The company has a market cap of $211.42 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 1.85 and a beta of 0.56.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.15. The firm had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same quarter in the prior year, the business earned $1.50 earnings per share. On average, equities analysts forecast that Shell plc will post 8.45 earnings per share for the current year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were issued a dividend of $0.688 per share. The ex-dividend date was Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 4.12%. Shell’s dividend payout ratio is 50.74%.

Analysts Set New Price Targets

Several equities analysts have issued reports on SHEL shares. Wells Fargo & Company upped their price target on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Wolfe Research initiated coverage on Shell in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Citigroup upgraded Shell to a “hold” rating in a research report on Wednesday, October 2nd. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $82.00.

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.