Diversified Trust Co Purchases 3,093 Shares of Shell plc (NYSE:SHEL)

Diversified Trust Co lifted its stake in shares of Shell plc (NYSE:SHEL) by 34.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,992 shares of the energy company’s stock after buying an additional 3,093 shares during the quarter. Diversified Trust Co’s holdings in Shell were worth $804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fisher Asset Management LLC increased its position in shares of Shell by 2.1% during the fourth quarter. Fisher Asset Management LLC now owns 22,871,131 shares of the energy company’s stock valued at $1,504,920,000 after buying an additional 477,432 shares during the period. Morgan Stanley grew its holdings in Shell by 4.3% in the third quarter. Morgan Stanley now owns 9,356,191 shares of the energy company’s stock worth $602,352,000 after purchasing an additional 384,967 shares during the period. Wellington Management Group LLP grew its holdings in Shell by 10.7% in the third quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock worth $562,866,000 after purchasing an additional 848,104 shares during the period. Franklin Resources Inc. grew its holdings in Shell by 2.4% in the fourth quarter. Franklin Resources Inc. now owns 6,173,651 shares of the energy company’s stock worth $406,226,000 after purchasing an additional 143,910 shares during the period. Finally, Mawer Investment Management Ltd. grew its holdings in Shell by 19.9% in the fourth quarter. Mawer Investment Management Ltd. now owns 5,325,276 shares of the energy company’s stock worth $350,403,000 after purchasing an additional 885,069 shares during the period. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on SHEL. TD Securities upped their price objective on shares of Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Wells Fargo & Company cut their price target on shares of Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Finally, Argus increased their price target on shares of Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.25.

Shell Stock Up 0.3 %

Shares of Shell stock opened at $73.06 on Wednesday. The company has a market cap of $232.31 billion, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 1.82 and a beta of 0.59. The company’s 50 day moving average is $71.53 and its 200 day moving average is $67.71. Shell plc has a twelve month low of $58.14 and a twelve month high of $74.61. The company has a quick ratio of 1.14, a current ratio of 1.42 and a debt-to-equity ratio of 0.37.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, May 2nd. The energy company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.51. The company had revenue of $74.70 billion for the quarter, compared to the consensus estimate of $88.03 billion. Shell had a net margin of 5.83% and a return on equity of 13.83%. Research analysts anticipate that Shell plc will post 8.55 EPS for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, May 17th were given a dividend of $0.688 per share. This is an increase from Shell’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $2.75 dividend on an annualized basis and a yield of 3.77%. Shell’s dividend payout ratio is 50.74%.

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.