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Ledyard National Bank boosts Shell plc investment, analysts maintain "Buy" rating despite earnings miss.
Ledyard National Bank increased its investment in Shell plc by 9.1%, and other institutional investors also upped their stakes.
Despite missing earnings estimates, Shell's average analyst rating is "Buy" with a target price of $79.11.
The company recently raised its quarterly dividend to $0.716, giving a yield of 4.35%.
Shell operates globally in energy and petrochemicals.
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Ledyard National Bank aumenta la inversión en Shell plc, los analistas mantienen la calificación de "Comprar" a pesar de perder ganancias.