Triasima Portfolio Management inc. Takes Position in Shell plc (NYSE:SHEL)

Triasima Portfolio Management inc. bought a new stake in Shell plc (NYSE:SHEL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,975 shares of the energy company’s stock, valued at approximately $249,000.

Several other hedge funds also recently bought and sold shares of SHEL. Golden State Wealth Management LLC purchased a new stake in shares of Shell in the 4th quarter valued at $69,000. Strategic Financial Concepts LLC purchased a new stake in Shell during the fourth quarter worth about $6,876,000. Ledyard National Bank lifted its position in shares of Shell by 9.1% during the fourth quarter. Ledyard National Bank now owns 6,696 shares of the energy company’s stock worth $420,000 after purchasing an additional 558 shares in the last quarter. Leo Wealth LLC grew its holdings in shares of Shell by 12.6% in the fourth quarter. Leo Wealth LLC now owns 5,643 shares of the energy company’s stock valued at $354,000 after purchasing an additional 632 shares in the last quarter. Finally, Adero Partners LLC lifted its holdings in Shell by 18.0% during the 4th quarter. Adero Partners LLC now owns 3,621 shares of the energy company’s stock worth $227,000 after buying an additional 552 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Trading Down 0.4 %

NYSE SHEL opened at $65.87 on Friday. Shell plc has a 12 month low of $60.15 and a 12 month high of $74.61. The company has a market capitalization of $201.39 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 6.57 and a beta of 0.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.35 and a quick ratio of 1.10. The firm’s fifty day moving average price is $64.27 and its 200 day moving average price is $67.17.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.54). Shell had a net margin of 5.57% and a return on equity of 12.75%. On average, sell-side analysts expect that Shell plc will post 7.27 earnings per share for the current fiscal year.

Shell Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 14th will be issued a $0.716 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.35%. This is a boost from Shell’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, February 14th. Shell’s payout ratio is presently 56.97%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Morgan Stanley raised Shell from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Sanford C. Bernstein raised Shell to a “strong-buy” rating in a research report on Friday, October 11th. UBS Group raised Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. Piper Sandler decreased their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, Wells Fargo & Company dropped their price objective on shares of Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $79.11.

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.