Fiduciary Trust Co Has $4.40 Million Position in Shell plc (NYSE:SHEL)

Fiduciary Trust Co raised its position in Shell plc (NYSE:SHEL) by 12.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,760 shares of the energy company’s stock after acquiring an additional 7,466 shares during the quarter. Fiduciary Trust Co’s holdings in Shell were worth $4,403,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SHEL. Hobbs Group Advisors LLC acquired a new stake in Shell in the 2nd quarter worth about $26,000. Fortitude Family Office LLC acquired a new stake in Shell in the 3rd quarter worth about $30,000. Triad Wealth Partners LLC acquired a new stake in Shell in the 2nd quarter worth about $31,000. Fairscale Capital LLC acquired a new stake in Shell in the 2nd quarter worth about $33,000. Finally, Valley Wealth Managers Inc. acquired a new stake in Shell in the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Trading Up 0.2 %

SHEL opened at $64.91 on Friday. Shell plc has a fifty-two week low of $60.34 and a fifty-two week high of $74.61. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. The firm has a market capitalization of $200.93 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 1.95 and a beta of 0.56. The company’s 50 day moving average price is $66.97 and its two-hundred day moving average price is $69.71.

Shell Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date is Friday, November 15th. Shell’s payout ratio is 56.58%.

Analyst Ratings Changes

Several analysts have weighed in on SHEL shares. Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Barclays raised shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Scotiabank decreased their target price on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Berenberg Bank raised shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Finally, Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $82.00.

About Shell

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.