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

Whittier Trust Co. grew its holdings in shares of Shell plc (NYSE:SHEL) by 9.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SHEL. Hobbs Group Advisors LLC acquired a new position in shares of Shell in the 2nd quarter valued at $26,000. Triad Wealth Partners LLC purchased a new position in shares of Shell during the 2nd quarter valued at $31,000. Beaird Harris Wealth Management LLC raised its stake in shares of Shell by 611.1% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after purchasing an additional 385 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Shell by 90.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 495 shares of the energy company’s stock valued at $33,000 after acquiring an additional 235 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in shares of Shell during the 1st quarter worth $47,000. 28.60% of the stock is currently owned by institutional investors.

Shell Trading Up 0.8 %

Shares of SHEL stock opened at $72.53 on Friday. The company has a market capitalization of $229.34 billion, a P/E ratio of 13.38, a P/E/G ratio of 1.60 and a beta of 0.59. The firm has a 50-day moving average price of $72.17 and a 200 day moving average price of $70.07. 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 12-month low of $60.34 and a 12-month high of $74.61.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, beating 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 firm had revenue of $75.06 billion during the quarter, compared to analysts’ expectations of $88.62 billion. During the same period last year, the firm posted $1.50 EPS. Research analysts forecast that Shell plc will post 8.63 earnings per share for the current fiscal year.

Shell Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Royal Bank of Canada raised Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. TD Securities upped their price target on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Argus raised their price target on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Finally, Wolfe Research assumed coverage on Shell in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.