Shell plc (NYSE:SHEL) Shares Purchased by Ledyard National Bank

Ledyard National Bank raised its holdings in Shell plc (NYSE:SHEL) by 9.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,696 shares of the energy company’s stock after acquiring an additional 558 shares during the period. Ledyard National Bank’s holdings in Shell were worth $420,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Valley National Advisers Inc. lifted its position in Shell by 930.2% during the fourth quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock valued at $27,000 after buying an additional 400 shares in the last quarter. Fortitude Family Office LLC acquired a new position in shares of Shell during the 3rd quarter valued at $30,000. Valley Wealth Managers Inc. acquired a new stake in Shell in the 3rd quarter valued at $33,000. Brooklyn Investment Group acquired a new position in shares of Shell during the third quarter worth about $35,000. Finally, GHP Investment Advisors Inc. grew its stake in shares of Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after buying an additional 163 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SHEL has been the subject of several recent research reports. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Piper Sandler decreased their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Wells Fargo & Company reduced their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Wolfe Research upgraded shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $79.11.

Shell Trading Down 0.4 %

NYSE:SHEL opened at $65.87 on Friday. The firm has a market capitalization of $201.39 billion, a P/E ratio of 13.12, a P/E/G ratio of 6.57 and a beta of 0.54. The business has a 50 day simple moving average of $64.27 and a 200 day simple moving average of $67.17. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10.

Shell (NYSE:SHEL) last released its quarterly earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. Equities research analysts predict that Shell plc will post 7.27 EPS for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be issued a $0.716 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.86 annualized dividend and a yield of 4.35%. This is an increase from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio is presently 56.97%.

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.