Hancock Whitney Corp Lowers Holdings in Shell plc (NYSE:SHEL)

Hancock Whitney Corp lowered its stake in shares of Shell plc (NYSE:SHEL) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,466 shares of the energy company’s stock after selling 160 shares during the period. Hancock Whitney Corp’s holdings in Shell were worth $611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Hobbs Group Advisors LLC purchased a new stake in Shell in the 2nd quarter worth $26,000. Beaird Harris Wealth Management LLC lifted its position in shares of Shell by 611.1% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after buying an additional 385 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in Shell during the 2nd quarter valued at approximately $31,000. Fairman Group LLC bought a new stake in Shell in the 4th quarter worth approximately $45,000. Finally, LRI Investments LLC boosted its position in shares of Shell by 3,856.3% during the 2nd quarter. LRI Investments LLC now owns 633 shares of the energy company’s stock valued at $46,000 after acquiring an additional 617 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Shell Price Performance

SHEL opened at $69.09 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average of $70.81 and a 200 day moving average of $70.74. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. The stock has a market cap of $218.47 billion, a P/E ratio of 12.75, a PEG ratio of 1.53 and a beta of 0.57.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 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 the consensus estimate of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same quarter last year, the firm posted $1.50 EPS. As a group, sell-side analysts anticipate that Shell plc will post 8.64 EPS for the current year.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, August 16th were paid a $0.688 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.75 annualized dividend and a yield of 3.98%. Shell’s dividend payout ratio (DPR) is currently 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.