Triune Financial Partners LLC Invests $215,000 in Shell plc (NYSE:SHEL)

Triune Financial Partners LLC acquired a new position in shares of Shell plc (NYSE:SHEL) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 3,258 shares of the energy company’s stock, valued at approximately $215,000.

Other large investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its holdings in Shell by 1.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 11,097 shares of the energy company’s stock valued at $801,000 after buying an additional 142 shares during the period. Lester Murray Antman dba SimplyRich grew its position in shares of Shell by 0.6% during the second quarter. Lester Murray Antman dba SimplyRich now owns 26,901 shares of the energy company’s stock worth $1,941,000 after acquiring an additional 158 shares during the last quarter. Procyon Advisors LLC raised its position in Shell by 3.2% in the 3rd quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock valued at $335,000 after purchasing an additional 159 shares during the last quarter. Sax Wealth Advisors LLC grew its position in Shell by 4.1% during the 2nd quarter. Sax Wealth Advisors LLC now owns 4,086 shares of the energy company’s stock worth $295,000 after purchasing an additional 162 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its stake in shares of Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after buying an additional 163 shares during the period. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SHEL has been the topic of a number of research analyst reports. Wolfe Research started coverage on shares of Shell in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Wells Fargo & Company raised their price target on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Barclays upgraded Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Finally, Scotiabank cut their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Shell currently has a consensus rating of “Buy” and an average price target of $82.00.

Shell Stock Performance

NYSE SHEL traded down $1.44 during trading hours on Friday, reaching $67.17. The company’s stock had a trading volume of 1,326,666 shares, compared to its average volume of 4,201,306. The stock has a market cap of $209.04 billion, a PE ratio of 14.12, a PEG ratio of 2.04 and a beta of 0.56. The business has a 50-day simple moving average of $67.73 and a 200 day simple moving average of $70.44. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. Shell plc has a 52 week low of $60.34 and a 52 week high of $74.61.

Shell Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be given a dividend of $0.688 per share. The ex-dividend date is Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.10%. Shell’s dividend payout ratio (DPR) is 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.