Catalytic Wealth RIA LLC Makes New $524,000 Investment in Shell plc (NYSE:SHEL)

Catalytic Wealth RIA LLC acquired a new position in shares of Shell plc (NYSE:SHEL) in the fourth quarter, Holdings Channel reports. The fund acquired 7,957 shares of the energy company’s stock, valued at approximately $524,000.

Other hedge funds also recently added to or reduced their stakes in the company. Founders Capital Management lifted its holdings in shares of Shell by 25.4% in the 4th quarter. Founders Capital Management now owns 830 shares of the energy company’s stock valued at $55,000 after buying an additional 168 shares during the period. Abacus Planning Group Inc. lifted its holdings in shares of Shell by 3.5% in the 4th quarter. Abacus Planning Group Inc. now owns 5,003 shares of the energy company’s stock valued at $329,000 after buying an additional 169 shares during the period. Roberts Wealth Advisors LLC increased its stake in Shell by 0.7% in the 4th quarter. Roberts Wealth Advisors LLC now owns 26,574 shares of the energy company’s stock valued at $1,749,000 after purchasing an additional 172 shares in the last quarter. ETF Store Inc. increased its stake in Shell by 1.5% in the 4th quarter. ETF Store Inc. now owns 11,762 shares of the energy company’s stock valued at $774,000 after purchasing an additional 174 shares in the last quarter. Finally, Wade G W & Inc. increased its position in Shell by 1.5% during the fourth quarter. Wade G W & Inc. now owns 11,886 shares of the energy company’s stock worth $782,000 after buying an additional 174 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company lifted their price objective on Shell from $88.00 to $91.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. TD Securities lifted their price objective on Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.50.

Shell Stock Performance

Shell stock remained flat at $71.45 during midday trading on Thursday. The company had a trading volume of 4,123,034 shares, compared to its average volume of 4,536,314. Shell plc has a 52-week low of $55.78 and a 52-week high of $74.61. The stock has a market capitalization of $228.30 billion, a PE ratio of 13.18, a PEG ratio of 1.84 and a beta of 0.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.14. The firm has a fifty day moving average price of $71.24 and a 200-day moving average price of $66.76.

Shell (NYSE:SHEL) last issued its quarterly earnings data on Thursday, May 2nd. The energy company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.51. The company had revenue of $74.70 billion for the quarter, compared to analysts’ expectations of $88.03 billion. Shell had a return on equity of 13.83% and a net margin of 5.83%. Equities analysts predict that Shell plc will post 8.37 earnings per share for the current fiscal year.

Shell Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Thursday, May 16th. This is a boost from Shell’s previous quarterly dividend of $0.66. Shell’s payout ratio is currently 50.74%.

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.