Shell plc (NYSE:SHEL) Shares Acquired by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lifted its holdings in Shell plc (NYSE:SHEL) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,840,690 shares of the energy company’s stock after purchasing an additional 5,799 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.06% of Shell worth $132,861,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SHEL. Allspring Global Investments Holdings LLC increased its stake in shares of Shell by 90.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 495 shares of the energy company’s stock worth $33,000 after purchasing an additional 235 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Shell by 50.3% in the fourth quarter. Federated Hermes Inc. now owns 89,164 shares of the energy company’s stock valued at $5,867,000 after acquiring an additional 29,851 shares in the last quarter. Fidelis Capital Partners LLC boosted its stake in shares of Shell by 42.8% in the fourth quarter. Fidelis Capital Partners LLC now owns 5,882 shares of the energy company’s stock worth $387,000 after acquiring an additional 1,764 shares during the last quarter. Knights of Columbus Asset Advisors LLC raised its stake in Shell by 39.8% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 2,265 shares of the energy company’s stock valued at $149,000 after purchasing an additional 645 shares during the last quarter. Finally, Greenleaf Trust lifted its holdings in Shell by 12.2% in the 4th quarter. Greenleaf Trust now owns 20,058 shares of the energy company’s stock valued at $1,320,000 after purchasing an additional 2,182 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SHEL. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Wells Fargo & Company cut their price target on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, June 21st. Argus raised their target price on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Wolfe Research began coverage on shares of Shell in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, Scotiabank decreased their target price on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $85.00.

Shell Trading Down 2.0 %

Shares of Shell stock traded down $1.47 on Tuesday, reaching $71.40. The company had a trading volume of 3,722,627 shares, compared to its average volume of 4,148,912. 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 cap of $224.65 billion, a PE ratio of 13.35, a PEG ratio of 1.61 and a beta of 0.59. The firm’s 50 day moving average price is $71.79 and its two-hundred day moving average price is $69.68. Shell plc has a 52-week low of $60.13 and a 52-week high of $74.61.

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. The company had revenue of $75.06 billion for the quarter, compared to analyst estimates of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same period in the prior year, the firm earned $1.50 earnings per share. Sell-side analysts predict that Shell plc will post 8.63 earnings per share for the current fiscal year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, August 16th will be given a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend is Friday, August 16th. Shell’s dividend payout ratio is presently 50.74%.

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.