Ledyard National Bank Cuts Stake in Shell plc (NYSE:SHEL)

Ledyard National Bank reduced its position in Shell plc (NYSE:SHEL) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,892 shares of the energy company’s stock after selling 611 shares during the quarter. Ledyard National Bank’s holdings in Shell were worth $388,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SHEL. FAS Wealth Partners Inc. lifted its position in Shell by 2.8% during the third quarter. FAS Wealth Partners Inc. now owns 6,179 shares of the energy company’s stock valued at $398,000 after purchasing an additional 168 shares during the period. Founders Capital Management boosted its stake in shares of Shell by 25.4% during the 4th quarter. Founders Capital Management now owns 830 shares of the energy company’s stock worth $55,000 after acquiring an additional 168 shares in the last quarter. Osborne Partners Capital Management LLC boosted its stake in shares of Shell by 1.0% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 16,417 shares of the energy company’s stock worth $1,057,000 after acquiring an additional 169 shares in the last quarter. Abacus Planning Group Inc. boosted its stake in shares of Shell by 3.5% during the 4th quarter. Abacus Planning Group Inc. now owns 5,003 shares of the energy company’s stock worth $329,000 after acquiring an additional 169 shares in the last quarter. Finally, Roberts Wealth Advisors LLC boosted its stake in shares of Shell by 0.7% during the 4th quarter. Roberts Wealth Advisors LLC now owns 26,574 shares of the energy company’s stock worth $1,749,000 after acquiring an additional 172 shares in the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, TheStreet upgraded shares of Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th.

Shell Price Performance

SHEL stock traded down $0.98 during mid-day trading on Tuesday, reaching $72.14. The company’s stock had a trading volume of 1,302,662 shares, compared to its average volume of 4,680,315. The company’s 50 day moving average is $67.81 and its two-hundred day moving average is $65.91. The stock has a market cap of $232.12 billion, a PE ratio of 12.92, a P/E/G ratio of 1.74 and a beta of 0.62. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. Shell plc has a fifty-two week low of $55.78 and a fifty-two week high of $73.94.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, February 1st. The energy company reported $2.22 EPS for the quarter, beating the consensus estimate of $1.94 by $0.28. Shell had a net margin of 5.99% and a return on equity of 14.69%. The company had revenue of $80.13 billion during the quarter, compared to analysts’ expectations of $89.59 billion. During the same quarter last year, the company posted $2.76 EPS. Equities research analysts expect that Shell plc will post 8.16 EPS for the current year.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, February 16th were paid a $0.662 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.65 dividend on an annualized basis and a yield of 3.67%. Shell’s dividend payout ratio is presently 48.59%.

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.