Catalina Capital Group LLC Purchases 9,678 Shares of Shell plc (NYSE:SHEL)

Catalina Capital Group LLC raised its holdings in Shell plc (NYSE:SHEL) by 279.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,139 shares of the energy company’s stock after purchasing an additional 9,678 shares during the quarter. Catalina Capital Group LLC’s holdings in Shell were worth $867,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hobbs Group Advisors LLC acquired a new stake in shares of Shell in the 2nd quarter valued at $26,000. Triad Wealth Partners LLC bought a new stake in Shell in the second quarter valued at about $31,000. Fairscale Capital LLC acquired a new position in shares of Shell during the 2nd quarter worth about $33,000. Fortitude Family Office LLC acquired a new position in shares of Shell during the third quarter worth about $30,000. Finally, GHP Investment Advisors Inc. boosted its holdings in Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after purchasing an additional 163 shares during the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SHEL. Scotiabank decreased their price objective on Shell from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Wolfe Research initiated coverage on Shell in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Citigroup upgraded Shell to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company raised their price target on Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada upgraded shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Shell currently has a consensus rating of “Buy” and an average target price of $82.00.

Shell Stock Performance

Shares of Shell stock opened at $68.22 on Wednesday. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61. The company has a market cap of $212.31 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 1.86 and a beta of 0.56. The company has a current ratio of 1.40, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $67.88 and a 200-day moving average of $70.47.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 15th will be given a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Friday, November 15th. Shell’s dividend payout ratio is presently 56.58%.

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.