Farmers & Merchants Trust Co reduced its Shell plc stake, and Q2 EPS exceeded estimates.
Farmers & Merchants Trust Co reduced its Shell plc stake by 1.9%, holding 9,516 shares valued at $687,000. Other investors also adjusted their stakes. Shell reported a Q2 EPS of $1.97, exceeding estimates, with a market cap of $213.22 billion. It announced a quarterly dividend of $0.688, yielding 4.08%. Analysts maintain a "Moderate Buy" average rating, with price targets ranging from $79 to $90. Shell operates globally in energy and petrochemicals.
September 10, 2024
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