AMG National Trust Bank Invests $462,000 in Shell plc (NYSE:SHEL)

AMG National Trust Bank purchased a new stake in shares of Shell plc (NYSE:SHEL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,402 shares of the energy company's stock, valued at approximately $462,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Independence Bank of Kentucky lifted its holdings in Shell by 19.5% during the second quarter. Independence Bank of Kentucky now owns 5,530 shares of the energy company's stock valued at $399,000 after purchasing an additional 902 shares in the last quarter. Aries Wealth Management lifted its holdings in Shell by 25.9% during the second quarter. Aries Wealth Management now owns 6,636 shares of the energy company's stock valued at $479,000 after purchasing an additional 1,367 shares in the last quarter. Shelter Ins Retirement Plan purchased a new position in Shell during the second quarter valued at $8,210,000. Kanawha Capital Management LLC lifted its stake in shares of Shell by 3.9% in the second quarter. Kanawha Capital Management LLC now owns 41,963 shares of the energy company's stock worth $3,029,000 after buying an additional 1,559 shares in the last quarter. Finally, First National Bank of Hutchinson lifted its stake in shares of Shell by 31.8% in the second quarter. First National Bank of Hutchinson now owns 5,850 shares of the energy company's stock worth $422,000 after buying an additional 1,411 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company's stock.

Analysts Set New Price Targets

SHEL has been the topic of a number of analyst reports. TD Securities lifted their target price on shares of Shell from $74.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, May 3rd. Royal Bank of Canada raised shares of Shell to a "moderate buy" rating in a research note on Tuesday, July 30th. Argus lifted their price target on shares of Shell from $77.00 to $79.00 and gave the company a "buy" rating in a research report on Thursday, June 6th. Berenberg Bank upgraded shares of Shell to a "strong-buy" rating in a research report on Monday, August 5th. Finally, Scotiabank dropped their price target on shares of Shell from $95.00 to $90.00 and set a "sector outperform" rating for the company in a research report on Friday, July 12th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $85.00.

Shell Stock Up 1.4 %

Shares of SHEL stock traded up $0.98 during trading on Friday, reaching $72.43. The company's stock had a trading volume of 3,512,937 shares, compared to its average volume of 4,119,968. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12. The company has a market capitalization of $227.89 billion, a price-to-earnings ratio of 13.36, a P/E/G ratio of 1.60 and a beta of 0.59. The stock's 50-day moving average price is $71.93 and its 200 day moving average price is $69.91. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.56%. The company had revenue of $75.06 billion during the quarter, compared to analysts' expectations of $88.62 billion. During the same quarter in the previous year, the business posted $1.50 EPS. On average, research analysts anticipate that Shell plc will post 8.63 EPS for the current year.

Shell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, August 16th will be issued a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Friday, August 16th. Shell's dividend payout ratio (DPR) is presently 50.74%.

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.