Trust Co. of Vermont Sells 2,207 Shares of Shell plc (NYSE:SHEL)

Trust Co. of Vermont decreased its holdings in Shell plc (NYSE:SHEL) by 22.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,833 shares of the energy company’s stock after selling 2,207 shares during the quarter. Trust Co. of Vermont’s holdings in Shell were worth $491,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SHEL. Sanibel Captiva Trust Company Inc. boosted its holdings in Shell by 74.3% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 40,518 shares of the energy company’s stock worth $2,538,000 after purchasing an additional 17,267 shares during the last quarter. Integrated Investment Consultants LLC bought a new stake in shares of Shell in the fourth quarter worth $1,230,000. Arkadios Wealth Advisors increased its position in Shell by 28.3% during the fourth quarter. Arkadios Wealth Advisors now owns 15,988 shares of the energy company’s stock valued at $1,002,000 after acquiring an additional 3,526 shares during the last quarter. InTrack Investment Management Inc lifted its holdings in Shell by 17.3% in the fourth quarter. InTrack Investment Management Inc now owns 7,682 shares of the energy company’s stock valued at $506,000 after acquiring an additional 1,135 shares during the period. Finally, Shikiar Asset Management Inc. bought a new stake in shares of Shell during the 4th quarter valued at about $219,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SHEL shares. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Scotiabank reduced their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Shell has an average rating of “Buy” and a consensus target price of $79.69.

Shell Price Performance

SHEL stock opened at $66.74 on Friday. The company has a market capitalization of $205.36 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 5.60 and a beta of 0.55. The company’s fifty day moving average price is $64.19 and its 200-day moving average price is $67.82. Shell plc has a one year low of $60.15 and a one year high of $74.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40.

Shell Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were given a dividend of $0.688 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.12%. Shell’s payout ratio is 56.58%.

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.