Trust Co. of Toledo NA OH Has $737,000 Stake in Shell PLC Unsponsored ADR $SHEL

Trust Co. of Toledo NA OH trimmed its holdings in Shell PLC Unsponsored ADR (NYSE:SHEL) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,472 shares of the energy company’s stock after selling 216 shares during the period. Trust Co. of Toledo NA OH’s holdings in Shell were worth $737,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SHEL. Brighton Jones LLC lifted its holdings in Shell by 51.7% during the 4th quarter. Brighton Jones LLC now owns 7,463 shares of the energy company’s stock worth $468,000 after purchasing an additional 2,545 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Shell by 44.0% during the 1st quarter. Farther Finance Advisors LLC now owns 9,719 shares of the energy company’s stock worth $710,000 after purchasing an additional 2,970 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Shell by 40.5% during the 1st quarter. GAMMA Investing LLC now owns 5,769 shares of the energy company’s stock worth $423,000 after purchasing an additional 1,662 shares during the last quarter. CX Institutional acquired a new stake in Shell during the 1st quarter worth approximately $81,000. Finally, NorthCrest Asset Manangement LLC lifted its holdings in Shell by 66.4% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 5,944 shares of the energy company’s stock worth $436,000 after purchasing an additional 2,371 shares during the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SHEL has been the subject of several analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Shell in a report on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Shell in a report on Wednesday. TD Cowen lifted their price objective on Shell from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday. Santander cut Shell to a “neutral” rating in a report on Friday, July 11th. Finally, Melius initiated coverage on Shell in a report on Wednesday, August 20th. They issued a “hold” rating and a $70.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $79.71.

Shell Price Performance

Shell stock opened at $71.47 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.32. Shell PLC Unsponsored ADR has a 52 week low of $58.54 and a 52 week high of $75.08. The stock has a market capitalization of $208.89 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 1.81 and a beta of 0.39. The stock has a fifty day moving average of $72.45 and a 200-day moving average of $69.73.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.29. The company had revenue of $66.44 billion during the quarter, compared to analysts’ expectations of $69.31 billion. Shell had a return on equity of 10.67% and a net margin of 4.93%. On average, sell-side analysts expect that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 22nd. Investors of record on Friday, August 15th were given a dividend of $0.716 per share. The ex-dividend date was Friday, August 15th. This represents a $2.86 dividend on an annualized basis and a yield of 4.0%. Shell’s payout ratio is currently 64.41%.

Shell Company 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.