Private Trust Co. NA Lowers Holdings in Shell plc (NYSE:SHEL)

Private Trust Co. NA cut its stake in shares of Shell plc (NYSE:SHEL) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,484 shares of the energy company’s stock after selling 327 shares during the quarter. Private Trust Co. NA’s holdings in Shell were worth $691,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Hobbs Group Advisors LLC purchased a new stake in shares of Shell during the second quarter valued at approximately $26,000. Fortitude Family Office LLC purchased a new stake in Shell during the 3rd quarter valued at $30,000. Triad Wealth Partners LLC bought a new stake in shares of Shell in the 2nd quarter worth $31,000. Fairscale Capital LLC bought a new position in shares of Shell during the second quarter valued at $33,000. Finally, Valley Wealth Managers Inc. bought a new stake in Shell in the 3rd quarter worth about $33,000. Institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

SHEL opened at $64.79 on Wednesday. The firm has a market cap of $200.54 billion, a P/E ratio of 13.33, a PEG ratio of 1.95 and a beta of 0.56. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61. The company has a 50 day simple moving average of $67.19 and a two-hundred day simple moving average of $69.84. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be given a $0.688 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.25%. Shell’s payout ratio is 56.58%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SHEL. Wells Fargo & Company raised their price target on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a report on Friday, October 11th. Berenberg Bank raised Shell to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $82.00.

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.