Farmers & Merchants Trust Co of Chambersburg PA Cuts Stock Position in Shell plc (NYSE:SHEL)

Farmers & Merchants Trust Co of Chambersburg PA lowered its position in Shell plc (NYSE:SHEL) by 26.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 564 shares of the energy company’s stock after selling 200 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Shell were worth $35,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SHEL. Bogart Wealth LLC grew its position in Shell by 1.9% during the 4th quarter. Bogart Wealth LLC now owns 17,068 shares of the energy company’s stock worth $1,069,000 after purchasing an additional 322 shares during the last quarter. Aries Wealth Management grew its position in Shell by 26.6% during the 4th quarter. Aries Wealth Management now owns 8,626 shares of the energy company’s stock worth $540,000 after purchasing an additional 1,815 shares during the last quarter. Avestar Capital LLC grew its position in Shell by 10.2% during the 4th quarter. Avestar Capital LLC now owns 5,223 shares of the energy company’s stock worth $327,000 after purchasing an additional 485 shares during the last quarter. Park Capital Management LLC WI purchased a new stake in Shell during the 4th quarter worth approximately $369,000. Finally, Allspring Global Investments Holdings LLC grew its position in Shell by 14.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 18,508 shares of the energy company’s stock worth $1,197,000 after purchasing an additional 2,327 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Performance

SHEL opened at $67.34 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The firm has a fifty day moving average price of $64.42 and a 200 day moving average price of $67.00. The stock has a market cap of $205.91 billion, a P/E ratio of 13.42, a P/E/G ratio of 0.98 and a beta of 0.54. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61.

Shell (NYSE:SHEL) last posted its quarterly earnings data 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 return on equity of 12.75% and a net margin of 5.57%. Equities research analysts anticipate that Shell plc will post 7.46 earnings per share for the current year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 14th will be given a dividend of $0.716 per share. The ex-dividend date is Friday, February 14th. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a yield of 4.25%. Shell’s dividend payout ratio is currently 54.78%.

Wall Street Analyst Weigh In

Several analysts have weighed in on SHEL shares. Wolfe Research raised 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 report on Friday, January 3rd. UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Piper Sandler dropped their price objective on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Wells Fargo & Company dropped their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $66.50 to $79.80 in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued 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 price target of $79.11.

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.