Greenleaf Trust Has $1.91 Million Stock Holdings in Shell plc (NYSE:SHEL)

Greenleaf Trust grew its holdings in Shell plc (NYSE:SHEL) by 56.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,946 shares of the energy company’s stock after acquiring an additional 10,484 shares during the quarter. Greenleaf Trust’s holdings in Shell were worth $1,909,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SHEL. United Community Bank grew its holdings in shares of Shell by 4.4% during the 1st quarter. United Community Bank now owns 3,315 shares of the energy company’s stock worth $222,000 after purchasing an additional 139 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Shell by 1.3% during the second quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock worth $801,000 after buying an additional 142 shares in the last quarter. Lester Murray Antman dba SimplyRich raised its position in shares of Shell by 0.6% in the 1st quarter. Lester Murray Antman dba SimplyRich now owns 26,743 shares of the energy company’s stock valued at $1,793,000 after buying an additional 153 shares in the last quarter. Procyon Advisors LLC lifted its holdings in shares of Shell by 3.2% during the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock worth $335,000 after acquiring an additional 159 shares during the period. Finally, Sax Wealth Advisors LLC increased its stake in Shell by 4.1% in the second quarter. Sax Wealth Advisors LLC now owns 4,086 shares of the energy company’s stock valued at $295,000 after acquiring an additional 162 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Stock Down 0.7 %

Shell stock opened at $66.53 on Thursday. The firm has a market cap of $207.05 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 1.55 and a beta of 0.56. Shell plc has a 52-week low of $60.34 and a 52-week high of $74.61. 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 50 day moving average price of $68.87 and a two-hundred day moving average price of $70.79.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $88.62 billion. During the same period last year, the business posted $1.50 EPS. Equities analysts predict that Shell plc will post 8.45 EPS for the current year.

Shell Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend was Friday, August 16th. Shell’s dividend payout ratio is presently 49.11%.

Analysts Set New Price Targets

SHEL has been the topic of a number of research analyst reports. Citigroup raised Shell to a “hold” rating in a report on Wednesday, October 2nd. Berenberg Bank upgraded Shell to a “strong-buy” rating in a research report on Monday, August 5th. Barclays raised shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Finally, Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $82.00.

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.