Sanibel Captiva Trust Company Inc. Buys 17,267 Shares of Shell plc (NYSE:SHEL)

Sanibel Captiva Trust Company Inc. increased its position in Shell plc (NYSE:SHEL) by 74.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,518 shares of the energy company’s stock after buying an additional 17,267 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Shell were worth $2,538,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new position in shares of Shell during the third quarter worth approximately $30,000. Fairscale Capital LLC bought a new stake in Shell during the 2nd quarter valued at $33,000. Valley Wealth Managers Inc. bought a new position in shares of Shell in the third quarter valued at $33,000. Brooklyn Investment Group bought a new stake in shares of Shell during the third quarter worth about $35,000. Finally, GHP Investment Advisors Inc. raised its holdings in shares of Shell by 40.8% in the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after acquiring an additional 163 shares during the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SHEL. Scotiabank lowered their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Citigroup upgraded Shell to a “hold” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a report on Friday, October 11th. Wells Fargo & Company cut their price target on shares of Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Finally, UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $79.69.

Shell Stock Up 0.4 %

SHEL stock opened at $66.74 on Friday. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The stock has a fifty day moving average of $64.19 and a 200-day moving average of $67.82. The company has a market capitalization of $205.36 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 5.60 and a beta of 0.55. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 15th were paid a $0.688 dividend. The ex-dividend date was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.12%. Shell’s dividend payout ratio is 56.58%.

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.