Shell plc (NYSE:SHEL) Stock Holdings Decreased by Cambridge Trust Co.

Cambridge Trust Co. trimmed its position in Shell plc (NYSE:SHEL – Get Rating) by 8.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,095 shares of the energy company’s stock after selling 678 shares during the period. Cambridge Trust Co.’s holdings in Shell were worth $404,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TD Capital Management LLC bought a new position in shares of Shell in the 3rd quarter worth about $27,000. Standard Family Office LLC acquired a new stake in Shell during the third quarter worth about $31,000. Penserra Capital Management LLC acquired a new position in Shell in the third quarter valued at approximately $35,000. Godsey & Gibb Inc. bought a new position in shares of Shell during the third quarter valued at approximately $36,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Shell during the 1st quarter worth approximately $41,000. 7.74% of the stock is owned by institutional investors.

Shell Trading Down 1.3 %

Shares of NYSE:SHEL opened at $53.95 on Friday. Shell plc has a twelve month low of $44.90 and a twelve month high of $62.75. The company has a current ratio of 1.37, a quick ratio of 1.10 and a debt-to-equity ratio of 0.39. The firm has a market cap of $194.07 billion, a P/E ratio of 4.72, a P/E/G ratio of 0.60 and a beta of 0.65. The company has a 50 day moving average of $59.59 and a 200-day moving average of $56.22.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 27th. Shareholders of record on Friday, February 17th will be paid a dividend of $0.575 per share. This is a positive change from Shell’s previous quarterly dividend of $0.50. This represents a $2.30 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend is Thursday, February 16th. Shell’s dividend payout ratio (DPR) is presently 20.14%.

Analyst Ratings Changes

A number of research analysts recently commented on SHEL shares. Berenberg Bank upped their price objective on Shell from GBX 2,900 ($35.34) to GBX 3,000 ($36.56) in a research note on Friday, February 17th. AlphaValue raised shares of Shell to a “reduce” rating in a report on Tuesday, February 28th. The Goldman Sachs Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research note on Monday, February 27th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Shell from GBX 2,761 ($33.65) to GBX 2,987 ($36.40) in a research note on Tuesday, December 6th. Finally, Morgan Stanley downgraded Shell from an “equal weight” rating to an “underweight” rating in a research report on Thursday, February 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $2,879.86.

About Shell

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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 necessary to deliver gas to market.