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Ledyard National Bank increased its Shell plc shares by 9.1%, despite the company missing earnings estimates.
Ledyard National Bank increased its shares in Shell plc by 9.1% during the fourth quarter, bringing its total to 6,696 shares worth about $420,000.
Other institutional investors have also adjusted their stakes.
Analysts have given Shell a "Buy" rating with an average price target of $79.11.
Despite missing earnings estimates by $0.54, Shell announced a dividend hike, increasing it to $0.716 per share quarterly.
Shell, an energy and petrochemical company, operates across multiple regions and segments.
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Ledyard National Bank aumentó sus acciones de Shell plc en un 9,1%, a pesar de que la compañía no cumplió con las estimaciones de ganancias.