Thomasville National Bank Acquires 16,119 Shares of Shell plc (NYSE:SHEL)

Thomasville National Bank grew its holdings in shares of Shell plc (NYSE:SHEL - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 349,953 shares of the energy company's stock after acquiring an additional 16,119 shares during the period. Shell accounts for approximately 1.6% of Thomasville National Bank's investment portfolio, making the stock its 20th biggest holding. Thomasville National Bank's holdings in Shell were worth $21,925,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fortitude Family Office LLC acquired a new position in shares of Shell during the third quarter valued at about $30,000. Fairscale Capital LLC bought a new position in Shell in the second quarter worth approximately $33,000. Valley Wealth Managers Inc. bought a new stake in shares of Shell during the third quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new position in shares of Shell during the third quarter worth approximately $35,000. Finally, GHP Investment Advisors Inc. grew its position in Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company's stock valued at $37,000 after purchasing an additional 163 shares during the period. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Stock Performance

NYSE SHEL traded up $0.05 during trading hours on Monday, reaching $64.99. 3,702,638 shares of the company were exchanged, compared to its average volume of 4,552,767. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $199.99 billion, a P/E ratio of 13.37, a P/E/G ratio of 4.84 and a beta of 0.55. Shell plc has a 1 year low of $60.15 and a 1 year high of $74.61. The business's 50 day simple moving average is $64.38 and its 200-day simple moving average is $68.01.

Shell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were given a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date was Friday, November 15th. Shell's dividend payout ratio is currently 56.58%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Sanford C. Bernstein raised shares of Shell to a "strong-buy" rating in a research note on Friday, October 11th. Scotiabank decreased their price objective on Shell from $90.00 to $80.00 and set a "sector outperform" rating for the company in a report on Thursday, October 10th. Citigroup raised Shell to a "hold" rating in a research report on Wednesday, October 2nd. Barclays upgraded Shell to a "strong-buy" rating in a research note on Wednesday, October 2nd. Finally, UBS Group upgraded shares of Shell from a "neutral" rating to a "buy" rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Shell presently has an average rating of "Buy" and an average price target of $79.69.

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.