Blue Trust Inc. Boosts Holdings in Shell plc (NYSE:SHEL)

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hobbs Group Advisors LLC purchased a new position in Shell in the second quarter worth $26,000. Triad Wealth Partners LLC purchased a new position in shares of Shell in the 2nd quarter valued at about $31,000. Fairscale Capital LLC purchased a new stake in Shell during the second quarter worth about $33,000. LRI Investments LLC acquired a new position in Shell during the first quarter worth about $47,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Shell during the 2nd quarter valued at approximately $49,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SHEL shares. Scotiabank dropped their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Wolfe Research started coverage on shares of Shell in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Citigroup upgraded shares of Shell to a “hold” rating in a report on Wednesday, October 2nd. Wells Fargo & Company increased 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. Finally, Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Three investment 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $82.00.

Shell Stock Down 0.4 %

SHEL stock opened at $67.04 on Friday. Shell plc has a one year low of $60.34 and a one year high of $74.61. The stock has a market capitalization of $208.64 billion, a P/E ratio of 11.97, a PEG ratio of 1.58 and a beta of 0.56. The company has a 50 day moving average price of $69.22 and a two-hundred day moving average price of $70.87. 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 (NYSE:SHEL) last issued its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $88.62 billion. During the same period last year, the company earned $1.50 EPS. As a group, sell-side analysts expect that Shell plc will post 8.44 EPS for the current year.

Shell Dividend Announcement

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

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.