Trust Co. of Vermont Invests $561,000 in Shell PLC Unsponsored ADR $SHEL

Trust Co. of Vermont acquired a new stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,232 shares of the energy company’s stock, valued at approximately $561,000.

A number of other hedge funds also recently bought and sold shares of SHEL. Kohmann Bosshard Financial Services LLC bought a new position in Shell during the 4th quarter valued at approximately $26,000. Zions Bancorporation National Association UT grew its position in shares of Shell by 186.7% in the 4th quarter. Zions Bancorporation National Association UT now owns 473 shares of the energy company’s stock worth $35,000 after buying an additional 308 shares during the last quarter. Nalls Sherbakoff Group LLC purchased a new position in shares of Shell during the fourth quarter valued at approximately $36,000. Ares Financial Consulting LLC bought a new position in shares of Shell during the fourth quarter valued at approximately $38,000. Finally, Allied Private Wealth LLC purchased a new stake in Shell in the second quarter worth $43,000. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Stock Up 0.5%

SHEL stock opened at $92.05 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average of $84.65 and a 200 day moving average of $85.53. Shell PLC Unsponsored ADR has a twelve month low of $68.63 and a twelve month high of $94.90. The firm has a market cap of $258.06 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 0.59 and a beta of 0.05.

Shell (NYSE:SHEL) last released its earnings results on Friday, July 31st. The energy company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.29. The firm had revenue of $94.66 billion for the quarter, compared to analysts’ expectations of $86.22 billion. Shell had a return on equity of 14.34% and a net margin of 8.55%. On average, research analysts forecast that Shell PLC Unsponsored ADR will post 10.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SHEL shares. Jefferies Financial Group boosted their price objective on shares of Shell to $122.40 and gave the company a “buy” rating in a research report on Thursday, May 21st. TD Cowen reiterated a “buy” rating on shares of Shell in a research report on Thursday, July 2nd. Mizuho initiated coverage on shares of Shell in a research note on Monday, July 20th. They issued a “neutral” rating and a $98.00 price target for the company. Piper Sandler lifted their price objective on Shell from $88.00 to $89.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Finally, Scotiabank upped their target price on Shell from $91.00 to $122.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Five research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $102.17.

Shell Profile

Shell plc (NYSE: SHEL) is a global integrated energy company that operates across the full oil and gas value chain as well as in developing lower-carbon energy solutions. The company traces its roots to the early 20th century merger of Royal Dutch Petroleum and Shell Transport and Trading, and today it is organized to explore for and produce hydrocarbons, process and refine them, manufacture petrochemicals, and market fuel, lubricants and related products under the Shell brand around the world.

Shell’s principal activities include upstream exploration and production of oil and natural gas, integrated gas operations including liquefied natural gas (LNG), and downstream refining, supply and marketing.