Shell plc (NYSE:SHEL) Holdings Increased by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. increased its position in shares of Shell plc (NYSE:SHEL - Free Report) by 14.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,000 shares of the energy company's stock after buying an additional 7,561 shares during the period. Shell comprises approximately 1.0% of Inspire Trust Co. N.A.'s holdings, making the stock its 29th biggest holding. Inspire Trust Co. N.A.'s holdings in Shell were worth $3,759,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in Shell by 32.3% during the 4th quarter. FMR LLC now owns 86,417,177 shares of the energy company's stock worth $5,414,036,000 after acquiring an additional 21,118,234 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Shell by 1.7% during 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 acquiring an additional 408,088 shares in the last quarter. Wellington Management Group LLP grew its holdings in Shell by 3.1% during the 4th quarter. Wellington Management Group LLP now owns 7,982,817 shares of the energy company's stock worth $500,123,000 after acquiring an additional 238,705 shares in the last quarter. Franklin Resources Inc. grew its holdings in Shell by 0.8% during the 4th quarter. Franklin Resources Inc. now owns 6,023,173 shares of the energy company's stock worth $377,352,000 after acquiring an additional 50,228 shares in the last quarter. Finally, Voloridge Investment Management LLC grew its holdings 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 worth $216,980,000 after acquiring an additional 2,182,253 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company's stock.

Shell Stock Performance

Shell stock traded up $0.31 during midday trading on Friday, reaching $66.26. 3,064,455 shares of the stock traded hands, compared to its average volume of 4,305,328. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average price of $66.53 and a two-hundred day moving average price of $65.83. The firm has a market cap of $199.31 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.98 and a beta of 0.38. Shell plc has a fifty-two week low of $58.55 and a fifty-two week high of $74.46.

Shell (NYSE:SHEL - Get Free Report) last posted its earnings results on Friday, May 2nd. The energy company reported $1.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.30. The firm 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 period in the previous year, the business posted $2.40 EPS. On average, equities research analysts forecast that Shell plc will post 7.67 earnings per share for the current year.

Shell Announces Dividend

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

Shell declared 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 purchase up to 1.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SHEL. Hsbc Global Res raised shares of Shell to a "strong-buy" rating in a report on Tuesday, May 13th. Barclays reaffirmed an "overweight" rating on shares of Shell in a report on Wednesday, March 26th. Piper Sandler increased their price objective on shares of Shell from $72.00 to $80.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. TD Securities restated a "buy" rating on shares of Shell in a research note on Friday, April 4th. Finally, Wells Fargo & Company decreased their target price on Shell from $83.00 to $80.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $78.35.

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.