Trust Co. of Toledo NA OH Sells 216 Shares of Shell PLC Unsponsored ADR $SHEL

Trust Co. of Toledo NA OH cut its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,472 shares of the energy company’s stock after selling 216 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Shell were worth $737,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHEL. Avalon Trust Co acquired a new position in Shell during the 1st quarter worth about $25,000. Brown Lisle Cummings Inc. lifted its holdings in Shell by 103.4% during the 1st quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company’s stock worth $26,000 after buying an additional 181 shares during the period. Truvestments Capital LLC lifted its holdings in Shell by 102.9% during the 1st quarter. Truvestments Capital LLC now owns 420 shares of the energy company’s stock worth $31,000 after buying an additional 213 shares during the period. Cheviot Value Management LLC acquired a new position in Shell during the 1st quarter worth about $37,000. Finally, Greykasell Wealth Strategies Inc. acquired a new position in Shell during the 1st quarter worth about $38,000. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Stock Down 2.8%

SHEL stock opened at $71.47 on Friday. The stock’s 50 day simple moving average is $72.45 and its 200 day simple moving average is $69.73. Shell PLC Unsponsored ADR has a fifty-two week low of $58.54 and a fifty-two week high of $75.08. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.32. The company has a market cap 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.

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

Shell Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SHEL shares. BNP Paribas raised Shell to a “strong-buy” rating in a research note on Tuesday, September 23rd. HSBC reissued a “hold” rating and issued a $78.30 price objective (down from $78.90) on shares of Shell in a research note on Monday, August 4th. Wolfe Research downgraded Shell from an “outperform” rating to a “peer perform” rating in a research note on Wednesday. Wells Fargo & Company dropped their price objective on Shell from $80.00 to $79.00 and set an “overweight” rating on the stock in a research note on Thursday, June 26th. Finally, Hsbc Global Res downgraded Shell from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.71.

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.