Whittier Trust Co. Purchases 7,008 Shares of Shell plc (NYSE:SHEL)

Whittier Trust Co. lifted its position in shares of Shell plc (NYSE:SHEL - Free Report) by 32.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,859 shares of the energy company's stock after acquiring an additional 7,008 shares during the quarter. Whittier Trust Co.'s holdings in Shell were worth $1,808,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Foster Group Inc. raised its stake in shares of Shell by 5.0% during the fourth quarter. Foster Group Inc. now owns 3,393 shares of the energy company's stock valued at $213,000 after acquiring an additional 162 shares during the last quarter. Warther Private Wealth LLC raised its position in Shell by 5.5% during the 4th quarter. Warther Private Wealth LLC now owns 3,268 shares of the energy company's stock worth $205,000 after purchasing an additional 169 shares during the last quarter. Klingman & Associates LLC grew its position in shares of Shell by 5.2% in the 4th quarter. Klingman & Associates LLC now owns 3,421 shares of the energy company's stock valued at $214,000 after buying an additional 170 shares during the last quarter. RHS Financial LLC increased its stake in shares of Shell by 3.1% in the fourth quarter. RHS Financial LLC now owns 5,667 shares of the energy company's stock valued at $355,000 after buying an additional 173 shares during the period. Finally, Doliver Advisors LP lifted its stake in shares of Shell by 5.2% in the fourth quarter. Doliver Advisors LP now owns 3,632 shares of the energy company's stock worth $228,000 after acquiring an additional 180 shares during the period. Institutional investors own 28.60% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have weighed in on SHEL. UBS Group raised shares of Shell from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 8th. Morgan Stanley raised shares of Shell from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. Wolfe Research raised shares of Shell from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a research report on Friday, January 3rd. TD Cowen began coverage on Shell in a research report on Wednesday, March 19th. They issued a "buy" rating and a $81.00 price objective for the company. Finally, TD Securities raised their target price on Shell from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $79.48.

Shell Stock Up 1.1 %

Shell stock traded up $0.76 during mid-day trading on Tuesday, reaching $72.04. The stock had a trading volume of 7,373,017 shares, compared to its average volume of 3,982,236. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The stock's 50-day simple moving average is $67.29 and its 200-day simple moving average is $66.28. The firm has a market capitalization of $217.83 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47.

Shell (NYSE:SHEL - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing analysts' consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. On average, sell-side analysts forecast that Shell plc will post 7.67 EPS for the current fiscal year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, February 14th were issued a dividend of $0.716 per share. This is a positive change from Shell's previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend was Friday, February 14th. Shell's payout ratio is currently 56.97%.

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.