Diversified Trust Co Has $759,000 Stock Position in Shell plc (NYSE:SHEL)

Diversified Trust Co trimmed its stake in Shell plc (NYSE:SHEL) by 12.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,518 shares of the energy company’s stock after selling 1,474 shares during the quarter. Diversified Trust Co’s holdings in Shell were worth $759,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Traveka Wealth LLC increased its holdings in Shell by 9.7% during the second quarter. Traveka Wealth LLC now owns 4,350 shares of the energy company’s stock worth $314,000 after buying an additional 383 shares during the last quarter. Burke & Herbert Bank & Trust Co. bought a new stake in shares of Shell in the 2nd quarter valued at about $499,000. Wedmont Private Capital lifted its stake in Shell by 18.3% in the 2nd quarter. Wedmont Private Capital now owns 10,063 shares of the energy company’s stock valued at $735,000 after purchasing an additional 1,554 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Shell by 3.1% during the second quarter. Sequoia Financial Advisors LLC now owns 35,931 shares of the energy company’s stock worth $2,593,000 after buying an additional 1,083 shares during the last quarter. Finally, Caas Capital Management LP raised its stake in Shell by 107.7% in the second quarter. Caas Capital Management LP now owns 27,000 shares of the energy company’s stock valued at $1,949,000 after buying an additional 14,000 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Price Performance

Shares of SHEL stock traded up $0.47 during trading on Wednesday, hitting $72.77. The company had a trading volume of 547,796 shares, compared to its average volume of 4,165,073. The stock’s 50-day moving average price is $71.52 and its 200 day moving average price is $69.35. Shell plc has a one year low of $60.13 and a one year high of $74.61. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.41. The firm has a market capitalization of $228.96 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 1.59 and a beta of 0.59.

Shell (NYSE:SHEL) last released its earnings results 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. The company had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. Shell had a return on equity of 14.56% and a net margin of 5.97%. During the same period in the prior year, the firm posted $1.50 EPS. Equities analysts expect that Shell plc will post 8.63 EPS for the current fiscal year.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Friday, August 16th will be given a dividend of $0.688 per share. The ex-dividend date is Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 3.78%. Shell’s dividend payout ratio is 50.74%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Royal Bank of Canada raised Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Argus increased their price objective on shares of Shell from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Wolfe Research assumed coverage on shares of Shell in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, Wells Fargo & Company decreased their target price on Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $85.00.

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.