TruWealth Advisors LLC Has $20.21 Million Position in Shell plc (NYSE:SHEL)

TruWealth Advisors LLC trimmed its position in Shell plc (NYSE:SHEL) by 23.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,604 shares of the energy company’s stock after selling 98,221 shares during the period. Shell makes up approximately 1.2% of TruWealth Advisors LLC’s holdings, 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.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Fairscale Capital LLC bought a new position in shares of Shell during the 2nd quarter valued at about $33,000. Fortitude Family Office LLC acquired a new stake in Shell during the 3rd quarter worth approximately $30,000. Valley Wealth Managers Inc. acquired a new position in shares of Shell in the third quarter valued at approximately $33,000. Brooklyn Investment Group bought a new stake in shares of Shell during the third quarter worth $35,000. Finally, GHP Investment Advisors Inc. lifted its position in Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after acquiring an additional 163 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SHEL shares. Piper Sandler dropped their price target on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and boosted their target price for the company 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 for the company in a research note on Friday, January 3rd. Wells Fargo & Company reduced their target price 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. Finally, Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Shell presently has an average rating of “Buy” and a consensus price target of $79.69.

Shell Stock Up 0.4 %

Shell stock opened at $66.74 on Friday. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The firm has a market capitalization of $205.36 billion, a PE ratio of 13.73, a P/E/G ratio of 5.60 and a beta of 0.55. The company’s 50-day moving average is $64.19 and its 200-day moving average is $67.82. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were paid a dividend of $0.688 per share. The ex-dividend date was Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.12%. Shell’s dividend payout ratio is currently 56.58%.

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.