Thomasville National Bank Raises Stock Holdings in Shell plc (NYSE:SHEL)

Thomasville National Bank lifted its holdings in Shell plc (NYSE:SHEL) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 349,953 shares of the energy company’s stock after buying an additional 16,119 shares during the quarter. Shell makes up about 1.6% of Thomasville National Bank’s portfolio, making the stock its 20th biggest position. Thomasville National Bank’s holdings in Shell were worth $21,925,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHEL. Coronation Fund Managers Ltd. increased its holdings in Shell by 7.6% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 15,201 shares of the energy company’s stock worth $1,097,000 after purchasing an additional 1,068 shares during the period. Rhumbline Advisers boosted its position in Shell by 9.8% during the 2nd quarter. Rhumbline Advisers now owns 35,107 shares of the energy company’s stock valued at $2,534,000 after acquiring an additional 3,143 shares in the last quarter. LPL Financial LLC boosted its position in Shell by 8.0% during the 2nd quarter. LPL Financial LLC now owns 743,891 shares of the energy company’s stock valued at $53,694,000 after acquiring an additional 55,297 shares in the last quarter. American Century Companies Inc. boosted its position in Shell by 7.3% during the 2nd quarter. American Century Companies Inc. now owns 787,069 shares of the energy company’s stock valued at $56,811,000 after acquiring an additional 53,209 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in Shell by 20.2% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 60,006 shares of the energy company’s stock valued at $4,331,000 after acquiring an additional 10,066 shares in the last quarter. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Shell Stock Performance

Shares of NYSE SHEL traded up $0.31 during trading on Monday, reaching $65.25. 1,520,450 shares of the company traded hands, compared to its average volume of 4,222,879. The firm’s fifty day simple moving average is $64.38 and its 200 day simple moving average is $68.01. The stock has a market cap of $200.79 billion, a P/E ratio of 13.43, a PEG ratio of 4.84 and a beta of 0.55. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34.

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 paid a dividend of $0.688 per share. The ex-dividend date was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.22%. Shell’s payout ratio is currently 56.58%.

Analysts Set New Price Targets

SHEL has been the topic of several recent research reports. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. Barclays raised Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Friday, January 3rd. Finally, Scotiabank lowered their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Shell has an average rating of “Buy” and an average target price of $79.69.

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.