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

Fiduciary Trust Co raised its position in Shell plc (NYSE:SHEL) by 12.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 66,760 shares of the energy company’s stock after purchasing an additional 7,466 shares during the period. Fiduciary Trust Co’s holdings in Shell were worth $4,403,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hobbs Group Advisors LLC acquired a new position in shares of Shell in the 2nd quarter worth approximately $26,000. Fortitude Family Office LLC acquired a new position in shares of Shell during the 3rd quarter valued at $30,000. Triad Wealth Partners LLC acquired a new position in shares of Shell during the 2nd quarter valued at $31,000. Fairscale Capital LLC acquired a new position in shares of Shell during the 2nd quarter valued at $33,000. Finally, Valley Wealth Managers Inc. acquired a new position in shares of Shell during the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SHEL. Wells Fargo & Company boosted their target price on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Barclays upgraded shares of Shell to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $82.00.

Shell Stock Performance

NYSE SHEL opened at $64.91 on Friday. Shell plc has a 1 year low of $60.34 and a 1 year 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 cap 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 has a fifty day moving average price of $66.97 and a 200-day moving average price of $69.71.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be paid a $0.688 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.24%. 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.