Trust Co. of Toledo NA OH Has $695,000 Stake in Shell plc (NYSE:SHEL)

Trust Co. of Toledo NA OH decreased its stake in Shell plc (NYSE:SHEL) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,094 shares of the energy company’s stock after selling 657 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Shell were worth $695,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SHEL. FMR LLC raised its position in shares of Shell by 5.2% during the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock worth $4,306,465,000 after purchasing an additional 3,255,347 shares during the period. Fisher Asset Management LLC raised its position 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. Dimensional Fund Advisors LP raised its position in Shell by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,722,317 shares of the energy company’s stock valued at $1,640,082,000 after buying an additional 96,549 shares during the last quarter. Franklin Resources Inc. raised its position in Shell by 0.9% in the 3rd quarter. Franklin Resources Inc. now owns 5,972,945 shares of the energy company’s stock valued at $408,430,000 after buying an additional 55,637 shares during the last quarter. Finally, Mawer Investment Management Ltd. raised its position in Shell by 8.7% in the 3rd quarter. Mawer Investment Management Ltd. now owns 5,282,868 shares of the energy company’s stock valued at $348,405,000 after buying an additional 422,329 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SHEL shares. Wells Fargo & Company dropped their target price on Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a research report on Friday. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Friday, January 3rd. Citigroup raised Shell to a “hold” rating in a research report on Wednesday, October 2nd. Piper Sandler decreased their price target on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $79.69.

Shell Stock Performance

Shares of NYSE SHEL opened at $64.99 on Tuesday. 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 12 month low of $60.15 and a 12 month high of $74.61. The stock has a 50 day moving average of $64.32 and a 200-day moving average of $67.96. The company has a market capitalization of $199.99 billion, a P/E ratio of 13.37, a P/E/G ratio of 4.84 and a beta of 0.55.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were paid a dividend of $0.688 per share. The ex-dividend date was Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.23%. Shell’s dividend payout ratio is currently 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.