Regatta Capital Group LLC Grows Stock Position in Shell plc (NYSE:SHEL)

Regatta Capital Group LLC increased its stake in shares of Shell plc (NYSE:SHEL) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,752 shares of the energy company’s stock after acquiring an additional 521 shares during the quarter. Regatta Capital Group LLC’s holdings in Shell were worth $1,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of SHEL. Hobbs Group Advisors LLC purchased a new stake in shares of Shell during the second quarter worth about $26,000. Triad Wealth Partners LLC purchased a new stake in Shell in the 2nd quarter worth approximately $31,000. Fairscale Capital LLC purchased a new position in shares of Shell during the second quarter valued at approximately $33,000. LRI Investments LLC lifted its stake in Shell by 3,856.3% in the second quarter. LRI Investments LLC now owns 633 shares of the energy company’s stock worth $46,000 after acquiring an additional 617 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Shell in the second quarter valued at $49,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Price Performance

Shares of NYSE:SHEL opened at $66.08 on Wednesday. The company has a market capitalization of $208.95 billion, a PE ratio of 12.19, a PEG ratio of 1.57 and a beta of 0.56. The business has a fifty day moving average price of $69.47 and a 200-day moving average price of $70.92. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.41 and a quick ratio of 1.12.

Shell (NYSE:SHEL) last issued its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.56%. The firm had revenue of $75.06 billion for the quarter, compared to the consensus estimate of $88.62 billion. During the same quarter in the prior year, the firm posted $1.50 earnings per share. As a group, equities analysts expect that Shell plc will post 8.44 EPS for the current fiscal year.

Shell Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 16th were issued a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Friday, August 16th. Shell’s payout ratio is currently 50.74%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SHEL. Citigroup raised shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Berenberg Bank upgraded Shell to a “strong-buy” rating in a report on Monday, August 5th. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Wolfe Research started coverage on Shell in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Wells Fargo & Company boosted their target price on shares of Shell from $84.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Shell has an average rating of “Moderate Buy” and an average price target 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.