TruWealth Advisors LLC Sells 98,221 Shares of Shell plc (NYSE:SHEL)

TruWealth Advisors LLC lessened its stake in Shell plc (NYSE:SHEL - Free Report) by 23.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 322,604 shares of the energy company's stock after selling 98,221 shares during the quarter. Shell makes up approximately 1.2% of TruWealth Advisors LLC's portfolio, making the stock its 26th biggest holding. TruWealth Advisors LLC's holdings in Shell were worth $20,211,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in Shell by 5.2% in the 3rd quarter. FMR LLC now owns 65,298,943 shares of the energy company's stock valued at $4,306,465,000 after purchasing an additional 3,255,347 shares during the period. Empyrean Capital Partners LP purchased a new position in Shell during the second quarter worth about $151,578,000. Jennison Associates LLC raised its holdings in shares of Shell by 188.0% in the 3rd quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company's stock valued at $198,786,000 after acquiring an additional 1,967,672 shares in the last quarter. Holocene Advisors LP grew its holdings in shares of Shell by 29.8% during the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company's stock worth $248,870,000 after purchasing an additional 866,954 shares in the last quarter. Finally, Mediolanum International Funds Ltd bought a new position in shares of Shell in the third quarter worth approximately $37,274,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group raised shares of Shell from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 8th. Scotiabank dropped their target price on Shell from $90.00 to $80.00 and set a "sector outperform" rating for the company in a research report on Thursday, October 10th. Wells Fargo & Company lowered their price objective on shares of Shell from $87.00 to $86.00 and set an "overweight" rating for the company in a report on Friday, January 10th. Wolfe Research upgraded shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a research report on Friday, January 3rd. Finally, Citigroup upgraded shares of Shell to a "hold" rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $79.69.

Shell Stock Up 0.4 %

NYSE SHEL traded up $0.29 during trading hours on Friday, reaching $66.74. 3,486,045 shares of the company's stock traded hands, compared to its average volume of 3,512,029. The firm has a market cap of $205.36 billion, a PE ratio of 13.73, a PEG ratio of 5.60 and a beta of 0.55. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The firm has a 50-day simple moving average of $64.19 and a 200 day simple moving average of $67.82.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were given a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date was Friday, November 15th. Shell's dividend payout ratio (DPR) is presently 56.58%.

About Shell

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.