Shell plc (NYSE:SHEL) Holdings Boosted by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department grew its holdings in Shell plc (NYSE:SHEL) by 2.6% in the third quarter, Holdings Channel.com reports. The firm owned 26,342 shares of the energy company’s stock after purchasing an additional 660 shares during the period. Trustmark National Bank Trust Department’s holdings in Shell were worth $1,737,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. NorthCrest Asset Manangement LLC grew its stake in Shell by 6.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,741 shares of the energy company’s stock valued at $247,000 after acquiring an additional 225 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Shell by 21.0% during the first quarter. Lazard Asset Management LLC now owns 44,896 shares of the energy company’s stock worth $3,009,000 after purchasing an additional 7,779 shares during the period. Creative Planning increased its stake in Shell by 11.3% in the 2nd quarter. Creative Planning now owns 292,587 shares of the energy company’s stock valued at $21,119,000 after buying an additional 29,677 shares during the period. Raymond James & Associates lifted its position in Shell by 65.7% in the 2nd quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock worth $122,579,000 after buying an additional 673,624 shares in the last quarter. Finally, Foresight Global Investors Inc. acquired a new stake in shares of Shell during the 2nd quarter valued at $1,472,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Wall Street Analysts Forecast Growth

SHEL has been the subject of several recent research reports. Barclays upgraded Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a report on Friday, October 11th. Citigroup upgraded Shell to a “hold” rating in a report on Wednesday, October 2nd. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Scotiabank cut their price target on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $82.00.

Shell Price Performance

Shares of Shell stock opened at $65.42 on Thursday. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61. The firm has a fifty day simple moving average of $67.31 and a 200-day simple moving average of $70.04. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $202.50 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 1.97 and a beta of 0.56.

Shell Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 15th will be given a $0.688 dividend. This represents a $2.75 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio is currently 56.58%.

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.