Trust Co. of Vermont Reduces Stock Position in Shell plc (NYSE:SHEL)

Trust Co. of Vermont decreased its holdings in Shell plc (NYSE:SHEL) by 22.0% in the fourth quarter, Holdings Channel reports. 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.

Other large investors also recently added to or reduced their stakes in the company. Coronation Fund Managers Ltd. raised its stake in shares of Shell by 7.6% in the second quarter. Coronation Fund Managers Ltd. now owns 15,201 shares of the energy company’s stock valued at $1,097,000 after acquiring an additional 1,068 shares during the period. Blair William & Co. IL raised its position in Shell by 0.6% in the 2nd quarter. Blair William & Co. IL now owns 67,671 shares of the energy company’s stock worth $4,884,000 after purchasing an additional 395 shares during the period. Hsbc Holdings PLC lifted its stake in Shell by 46.0% in the second quarter. Hsbc Holdings PLC now owns 42,220 shares of the energy company’s stock worth $3,048,000 after purchasing an additional 13,299 shares during the last quarter. Brighton Jones LLC boosted its position in shares of Shell by 3.2% during the second quarter. Brighton Jones LLC now owns 7,033 shares of the energy company’s stock valued at $508,000 after buying an additional 215 shares during the period. Finally, Ieq Capital LLC raised its holdings in shares of Shell by 65.4% in the second quarter. Ieq Capital LLC now owns 33,343 shares of the energy company’s stock worth $2,407,000 after buying an additional 13,185 shares during the period. 28.60% of the stock is owned by institutional investors.

Shell Stock Up 0.4 %

Shares of NYSE SHEL opened at $66.74 on Friday. The stock 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 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’s fifty day simple moving average is $64.19 and its two-hundred day simple moving average is $67.82.

Shell Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have commented on the company. Citigroup raised Shell to a “hold” rating in a research report on Wednesday, October 2nd. Scotiabank reduced their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company lowered their price objective on shares of Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $66.50 to $79.80 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Shell has a consensus rating of “Buy” and an average target price of $79.69.

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.