Blue Trust Inc. Increases Stock Position in Shell plc (NYSE:SHEL)

Blue Trust Inc. lifted its stake in Shell plc (NYSE:SHEL) by 58.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 31,015 shares of the energy company’s stock after acquiring an additional 11,428 shares during the quarter. Blue Trust Inc.’s holdings in Shell were worth $2,239,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Alaska Permanent Fund Corp acquired a new position in Shell in the 1st quarter valued at about $120,000. &PARTNERS increased its stake in Shell by 60.4% during the 1st quarter. &PARTNERS now owns 11,039 shares of the energy company’s stock worth $740,000 after buying an additional 4,156 shares during the period. International Assets Investment Management LLC boosted its position 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. Royal Fund Management LLC increased its position in shares of Shell by 7.2% during the first quarter. Royal Fund Management LLC now owns 19,081 shares of the energy company’s stock worth $1,279,000 after acquiring an additional 1,277 shares during the period. Finally, CHICAGO TRUST Co NA raised its stake in shares of Shell by 0.5% in the first quarter. CHICAGO TRUST Co NA now owns 39,255 shares of the energy company’s stock valued at $2,632,000 after acquiring an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Down 0.4 %

SHEL opened at $67.04 on Friday. The stock has a market capitalization of $208.64 billion, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 1.58 and a beta of 0.56. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. Shell plc has a one year low of $60.34 and a one year high of $74.61. The business’s 50-day simple moving average is $69.22 and its 200-day simple moving average is $70.87.

Shell (NYSE:SHEL) last posted 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. 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 prior year, the company earned $1.50 earnings per share. Analysts anticipate that Shell plc will post 8.44 EPS for the current year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were paid 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 4.11%. Shell’s dividend payout ratio (DPR) is 49.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SHEL shares. Wells Fargo & Company increased their price target on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Wolfe Research assumed coverage on shares of Shell in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Citigroup raised shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Scotiabank cut their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Shell has a consensus rating of “Buy” and a consensus price target of $82.00.

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.