Fulton Bank N.A. Sells 1,295 Shares of Shell plc (NYSE:SHEL)

Fulton Bank N.A. trimmed its holdings in Shell plc (NYSE:SHEL) by 21.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,665 shares of the energy company’s stock after selling 1,295 shares during the quarter. Fulton Bank N.A.’s holdings in Shell were worth $292,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Scotiabank lowered their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday. Wells Fargo & Company lowered their price target on Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a report on Friday. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Friday, January 3rd. Finally, Sanford C. Bernstein raised Shell to a “strong-buy” rating in a report on Friday, October 11th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $79.69.

Shell Stock Performance

NYSE:SHEL opened at $65.02 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.13. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The stock’s 50 day simple moving average is $64.43 and its two-hundred day simple moving average is $68.10. The company has a market cap of $200.08 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 4.84 and a beta of 0.55.

Shell Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were given a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Friday, November 15th. Shell’s dividend payout ratio is currently 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.