TruWealth Advisors LLC Trims Stake in Shell plc (NYSE:SHEL)

TruWealth Advisors LLC lessened its holdings in shares of Shell plc (NYSE:SHEL) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 420,825 shares of the energy company’s stock after selling 5,674 shares during the quarter. Shell makes up 1.7% of TruWealth Advisors LLC’s portfolio, making the stock its 19th largest holding. TruWealth Advisors LLC’s holdings in Shell were worth $27,753,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHEL. Hobbs Group Advisors LLC bought a new stake in Shell during the second quarter valued at about $26,000. Triad Wealth Partners LLC bought a new position in shares of Shell during the 2nd quarter valued at approximately $31,000. Fairscale Capital LLC bought a new stake in Shell during the 2nd quarter worth approximately $33,000. LRI Investments LLC lifted its holdings in Shell by 3,856.3% during the second quarter. LRI Investments LLC now owns 633 shares of the energy company’s stock valued at $46,000 after purchasing an additional 617 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Shell in the second quarter worth approximately $49,000. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SHEL. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research note on Monday, August 5th. Wells Fargo & Company lifted their price objective 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, Barclays upgraded shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $82.00.

Shell Price Performance

Shell stock opened at $67.34 on Friday. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. The company has a market cap of $209.56 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 1.58 and a beta of 0.56. The firm’s fifty day moving average is $69.31 and its 200 day moving average is $70.87. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35.

Shell (NYSE:SHEL) last released its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $88.62 billion. During the same quarter in the previous year, the company posted $1.50 EPS. Sell-side analysts forecast that Shell plc will post 8.44 EPS for the current fiscal year.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors 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 dividend yield of 4.09%. 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.