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Institutional investors boosted Shell's stock despite earnings missing estimates, as the company raised its dividend.
Marco Investment Management LLC and other institutional investors increased their holdings in Shell plc, despite the company reporting earnings of $1.20 per share, missing the consensus estimate of $1.74 for the quarter.
Shell raised its quarterly dividend to $0.716 per share, offering a 4.29% yield.
Analysts generally have a positive outlook on Shell, with a consensus "Buy" rating and a target price of $79.11.
Shell operates globally in the energy and petrochemical sectors.
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Los inversores institucionales impulsaron las acciones de Shell a pesar de que faltaban estimaciones de ganancias, ya que la compañía aumentó su dividendo.