Thurston Springer Miller Herd & Titak Inc. Grows Position in Shell plc (NYSE:SHEL)

Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Shell plc (NYSE:SHEL) by 41.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 7,670 shares of the energy company’s stock after purchasing an additional 2,233 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Shell were worth $506,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Woodstock Corp increased its position in Shell by 1.2% during the third quarter. Woodstock Corp now owns 141,083 shares of the energy company’s stock valued at $9,304,000 after acquiring an additional 1,631 shares during the last quarter. Thomasville National Bank increased its position in shares of Shell by 5.4% during the 3rd quarter. Thomasville National Bank now owns 333,834 shares of the energy company’s stock valued at $22,016,000 after purchasing an additional 17,150 shares during the last quarter. Willis Investment Counsel lifted its stake in shares of Shell by 0.5% in the 3rd quarter. Willis Investment Counsel now owns 336,374 shares of the energy company’s stock worth $22,184,000 after purchasing an additional 1,555 shares during the period. Compagnie Lombard Odier SCmA grew its position in Shell by 217.2% during the third quarter. Compagnie Lombard Odier SCmA now owns 35,715 shares of the energy company’s stock valued at $2,355,000 after buying an additional 24,454 shares during the period. Finally, Gilman Hill Asset Management LLC increased its holdings in Shell by 10.6% during the third quarter. Gilman Hill Asset Management LLC now owns 58,991 shares of the energy company’s stock valued at $3,890,000 after buying an additional 5,660 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SHEL. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Scotiabank reduced their price target 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. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Wolfe Research began coverage on shares of Shell in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Citigroup raised shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Shell presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.00.

Shell Price Performance

SHEL stock opened at $68.39 on Tuesday. 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 company’s fifty day moving average price is $69.58 and its 200-day moving average price is $70.92. Shell plc has a one year low of $60.34 and a one year high of $74.61. The company has a market capitalization of $216.25 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 1.57 and a beta of 0.56.

Shell (NYSE:SHEL) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.56%. The business had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. On average, equities analysts anticipate that Shell plc will post 8.44 EPS for the current fiscal year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were issued a dividend of $0.688 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $2.75 annualized dividend and a dividend yield of 4.02%. Shell’s dividend payout ratio (DPR) is 50.74%.

Shell Company 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.