Captrust Financial Advisors Has $8.04 Million Stock Holdings in Shell plc (NYSE:SHEL)

Captrust Financial Advisors reduced its stake in Shell plc (NYSE:SHEL - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,350 shares of the energy company's stock after selling 12,751 shares during the period. Captrust Financial Advisors' holdings in Shell were worth $8,041,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. First Wilshire Securities Management Inc. increased its position in Shell by 1.6% in the 4th quarter. First Wilshire Securities Management Inc. now owns 9,518 shares of the energy company's stock valued at $596,000 after acquiring an additional 153 shares during the period. Foster Group Inc. lifted its position in Shell by 5.0% in the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company's stock worth $213,000 after purchasing an additional 162 shares during the period. Titleist Asset Management LLC lifted its position in Shell by 3.1% in the fourth quarter. Titleist Asset Management LLC now owns 5,526 shares of the energy company's stock worth $346,000 after purchasing an additional 164 shares during the period. Warther Private Wealth LLC lifted its position in shares of Shell by 5.5% during the 4th quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company's stock valued at $205,000 after acquiring an additional 169 shares during the last quarter. Finally, Klingman & Associates LLC lifted its position in shares of Shell by 5.2% during the 4th quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company's stock valued at $214,000 after acquiring an additional 170 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Price Performance

SHEL traded up $0.21 during midday trading on Monday, reaching $66.36. 5,277,675 shares of the company's stock were exchanged, compared to its average volume of 4,326,865. The firm has a market capitalization of $199.60 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 0.98 and a beta of 0.38. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36. Shell plc has a one year low of $58.55 and a one year high of $74.61. The business has a 50-day simple moving average of $66.74 and a two-hundred day simple moving average of $65.84.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The energy company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.30. The company had revenue of $69.23 billion during the quarter, compared to analyst estimates of $79.18 billion. Shell had a net margin of 5.57% and a return on equity of 12.75%. During the same quarter last year, the business posted $2.40 earnings per share. As a group, research analysts predict that Shell plc will post 7.67 EPS for the current year.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, May 16th will be issued a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Friday, May 16th. Shell's dividend payout ratio is currently 65.90%.

Shell announced that its Board of Directors has authorized a share repurchase plan on Friday, May 2nd that authorizes the company to repurchase $3.50 billion in shares. This repurchase authorization authorizes the energy company to buy up to 1.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Barclays reiterated an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Wells Fargo & Company reduced their target price on Shell from $83.00 to $80.00 and set an "overweight" rating for the company in a report on Monday, May 5th. TD Cowen reduced their target price on Shell from $82.00 to $76.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada restated an "outperform" rating on shares of Shell in a report on Wednesday, March 26th. Finally, Scotiabank dropped their price target on shares of Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $77.35.

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.