Park National Corp OH Sells 405 Shares of Shell plc (NYSE:SHEL)

Park National Corp OH lessened its position in shares of Shell plc (NYSE:SHEL) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,435 shares of the energy company’s stock after selling 405 shares during the period. Park National Corp OH’s holdings in Shell were worth $1,719,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of SHEL. FMR LLC lifted its position in Shell by 5.2% during the third quarter. FMR LLC now owns 65,298,943 shares of the energy company’s stock valued at $4,306,465,000 after purchasing an additional 3,255,347 shares during the last quarter. Empyrean Capital Partners LP purchased a new stake in shares of Shell during the 2nd quarter valued at $151,578,000. Jennison Associates LLC grew its position in Shell by 188.0% in the third quarter. Jennison Associates LLC now owns 3,014,199 shares of the energy company’s stock worth $198,786,000 after acquiring an additional 1,967,672 shares in the last quarter. Holocene Advisors LP increased its stake in Shell by 29.8% in the third quarter. Holocene Advisors LP now owns 3,773,617 shares of the energy company’s stock valued at $248,870,000 after acquiring an additional 866,954 shares during the last quarter. Finally, Mediolanum International Funds Ltd bought a new stake in Shell during the third quarter worth about $37,274,000. 28.60% of the stock is owned by institutional investors.

Shell Trading Down 1.9 %

NYSE SHEL opened at $64.68 on Thursday. The stock has a market cap of $199.04 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 4.84 and a beta of 0.55. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The stock has a 50 day simple moving average of $64.50 and a two-hundred day simple moving average of $68.15. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were given a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s payout ratio is currently 56.58%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SHEL shares. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a report on Friday, October 11th. Wells Fargo & Company lowered their price objective on shares of Shell from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Barclays upgraded shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Scotiabank cut their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Finally, Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Friday, January 3rd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $79.83.

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.