tru Independence LLC Sells 3,115 Shares of Shell plc (NYSE:SHEL)

tru Independence LLC trimmed its position in Shell plc (NYSE:SHEL) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 75,948 shares of the energy company’s stock after selling 3,115 shares during the quarter. tru Independence LLC’s holdings in Shell were worth $4,758,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC raised 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 acquiring an additional 3,255,347 shares during the period. Fisher Asset Management LLC increased its stake in shares of Shell by 2.1% during the third quarter. Fisher Asset Management LLC now owns 24,530,647 shares of the energy company’s stock worth $1,617,796,000 after purchasing an additional 507,311 shares during the period. Franklin Resources Inc. increased its position in Shell by 0.9% during the 3rd quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock worth $408,430,000 after buying an additional 55,637 shares during the period. Mawer Investment Management Ltd. increased its position in Shell by 8.7% during the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock worth $348,405,000 after buying an additional 422,329 shares during the period. Finally, Holocene Advisors LP increased its position in 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 acquiring an additional 866,954 shares during the period. 28.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research report on Friday, October 11th. Wells Fargo & Company decreased their target price on shares of Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Citigroup upgraded Shell to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Shell currently has a consensus rating of “Buy” and an average target price of $79.69.

Shell Stock Performance

Shares of SHEL opened at $65.18 on Monday. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm’s fifty day simple moving average is $64.23 and its two-hundred day simple moving average is $67.55. The stock has a market capitalization of $199.29 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 5.89 and a beta of 0.55.

Shell (NYSE:SHEL) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.20. Shell had a return on equity of 14.54% and a net margin of 5.17%. The business had revenue of $72.46 billion for the quarter, compared to analyst estimates of $84.58 billion. During the same quarter in the prior year, the company earned $1.86 earnings per share. As a group, analysts predict that Shell plc will post 8.16 EPS for the current year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were paid a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio (DPR) is presently 56.58%.

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.