Catalina Capital Group LLC Acquires 876 Shares of Shell plc (NYSE:SHEL)

Catalina Capital Group LLC boosted its holdings in shares of Shell plc (NYSE:SHEL) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,015 shares of the energy company’s stock after buying an additional 876 shares during the quarter. Catalina Capital Group LLC’s holdings in Shell were worth $878,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Valley National Advisers Inc. raised its position in shares of Shell by 930.2% in the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after acquiring an additional 400 shares in the last quarter. Fortitude Family Office LLC bought a new position in Shell in the third quarter worth about $30,000. Valley Wealth Managers Inc. purchased a new stake in shares of Shell during the third quarter valued at about $33,000. Brooklyn Investment Group purchased a new position in shares of Shell in the 3rd quarter worth approximately $35,000. Finally, GHP Investment Advisors Inc. raised its stake in shares of Shell by 40.8% during 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 in the last quarter. Institutional investors own 28.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Scotiabank reduced their price target on Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Friday, January 3rd. Sanford C. Bernstein upgraded Shell to a “strong-buy” rating in a research note on Friday, October 11th. Wells Fargo & Company lowered their target price on shares of Shell from $86.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday. Finally, UBS Group raised shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Shell has an average rating of “Buy” and a consensus price target of $79.11.

Shell Stock Performance

Shares of SHEL stock opened at $65.82 on Monday. The stock has a market cap of $201.23 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 6.57 and a beta of 0.54. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The business has a 50-day simple moving average of $64.17 and a 200-day simple moving average of $67.28. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.36.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. On average, equities analysts expect that Shell plc will post 7.27 EPS for the current year.

Shell Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.716 per share. This is a positive change from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Friday, February 14th. Shell’s dividend payout ratio is presently 54.78%.

Shell Company 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.