Catalina Capital Group LLC Has $867,000 Holdings in Shell plc (NYSE:SHEL)

Catalina Capital Group LLC increased its position in shares of Shell plc (NYSE:SHEL) by 279.6% during the third quarter, HoldingsChannel reports. The fund owned 13,139 shares of the energy company’s stock after buying an additional 9,678 shares during the quarter. Catalina Capital Group LLC’s holdings in Shell were worth $867,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SHEL. Marks Group Wealth Management Inc lifted its stake in shares of Shell by 2.1% in the third quarter. Marks Group Wealth Management Inc now owns 12,415 shares of the energy company’s stock worth $819,000 after acquiring an additional 257 shares during the period. HF Advisory Group LLC increased its position in shares of Shell by 8.5% during the third quarter. HF Advisory Group LLC now owns 25,532 shares of the energy company’s stock worth $1,684,000 after buying an additional 1,993 shares during the period. Crestwood Advisors Group LLC boosted its holdings in Shell by 74.7% in the third quarter. Crestwood Advisors Group LLC now owns 9,813 shares of the energy company’s stock worth $647,000 after acquiring an additional 4,196 shares in the last quarter. Pittenger & Anderson Inc. boosted its stake in Shell by 14.8% during the 3rd quarter. Pittenger & Anderson Inc. now owns 56,135 shares of the energy company’s stock valued at $3,702,000 after purchasing an additional 7,240 shares during the last quarter. Finally, Moloney Securities Asset Management LLC lifted its holdings in shares of Shell by 6.6% in the third quarter. Moloney Securities Asset Management LLC now owns 3,416 shares of the energy company’s stock valued at $225,000 after purchasing an additional 210 shares in the last quarter. 28.60% of the stock is owned by institutional investors and hedge funds.

Shell Trading Up 0.7 %

Shell stock opened at $68.22 on Wednesday. Shell plc has a fifty-two week low of $60.34 and a fifty-two week high of $74.61. The firm’s fifty day moving average price is $67.88 and its 200-day moving average price is $70.47. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The stock has a market cap of $212.31 billion, a P/E ratio of 14.04, a PEG ratio of 1.86 and a beta of 0.56.

Shell Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SHEL shares. Wolfe Research initiated coverage on Shell in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Barclays raised shares of Shell to a “strong-buy” rating in a report on Wednesday, October 2nd. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a research report on Tuesday, July 30th. Citigroup upgraded shares of Shell to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Scotiabank reduced 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. Three investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $82.00.

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.