Inspire Trust Co. N.A. Has $3.76 Million Stock Position in Shell plc (NYSE:SHEL)

Inspire Trust Co. N.A. grew its position in shares of Shell plc (NYSE:SHEL - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,000 shares of the energy company's stock after buying an additional 7,561 shares during the period. Shell comprises 1.0% of Inspire Trust Co. N.A.'s portfolio, making the stock its 29th largest position. Inspire Trust Co. N.A.'s holdings in Shell were worth $3,759,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Shell by 32.3% in the 4th quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock worth $5,414,036,000 after purchasing an additional 21,118,234 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Shell by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 24,938,735 shares of the energy company's stock worth $1,562,412,000 after purchasing an additional 408,088 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Shell by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company's stock worth $500,123,000 after purchasing an additional 238,705 shares during the last quarter. Franklin Resources Inc. raised its stake in Shell by 0.8% during the 4th quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company's stock valued at $377,352,000 after acquiring an additional 50,228 shares in the last quarter. Finally, Voloridge Investment Management LLC raised its stake in Shell by 170.3% during the 4th quarter. Voloridge Investment Management LLC now owns 3,463,372 shares of the energy company's stock valued at $216,980,000 after acquiring an additional 2,182,253 shares in the last quarter. Institutional investors own 28.60% of the company's stock.

Analyst Ratings Changes

SHEL has been the topic of several recent analyst reports. Piper Sandler lifted their target price on Shell from $72.00 to $80.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. TD Cowen lowered their price target on Shell from $82.00 to $76.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Scotiabank lowered their price target on Shell from $75.00 to $70.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Barclays reiterated an "overweight" rating on shares of Shell in a research report on Wednesday, March 26th. Finally, Royal Bank of Canada reiterated an "outperform" rating on shares of Shell in a research report on Wednesday, March 26th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $78.35.

Shell Stock Up 0.3%

Shares of Shell stock traded up $0.22 during midday trading on Tuesday, hitting $66.52. The company's stock had a trading volume of 1,458,043 shares, compared to its average volume of 4,294,144. The firm has a market capitalization of $200.08 billion, a P/E ratio of 13.25, a PEG ratio of 0.98 and a beta of 0.38. The stock has a 50-day simple moving average of $66.42 and a 200-day simple moving average of $65.80. 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 1-year low of $58.55 and a 1-year high of $74.46.

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

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, May 16th will be given a $0.716 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.86 annualized dividend and a dividend yield of 4.31%. Shell's dividend payout ratio (DPR) is presently 65.90%.

Shell announced that its board has initiated a share repurchase plan on Friday, May 2nd that permits the company to buyback $3.50 billion in shares. This buyback authorization permits the energy company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

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.