Sanibel Captiva Trust Company Inc. Buys 17,267 Shares of Shell plc (NYSE:SHEL)

Sanibel Captiva Trust Company Inc. lifted its stake in shares of Shell plc (NYSE:SHEL) by 74.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,518 shares of the energy company’s stock after purchasing an additional 17,267 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Shell were worth $2,538,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Fairscale Capital LLC bought a new position in shares of Shell in the 2nd quarter valued at $33,000. Fortitude Family Office LLC bought a new position in Shell in the third quarter valued at about $30,000. Valley Wealth Managers Inc. acquired a new position in Shell during the third quarter worth about $33,000. Brooklyn Investment Group acquired a new stake in shares of Shell in the 3rd quarter valued at approximately $35,000. Finally, GHP Investment Advisors Inc. increased its position in Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after purchasing an additional 163 shares in the last quarter. Institutional investors own 28.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SHEL. Piper Sandler lowered their price target on shares of Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Friday, January 3rd. Wells Fargo & Company reduced their price target on Shell from $87.00 to $86.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. UBS Group upgraded shares of Shell from a “neutral” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Citigroup upgraded shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $79.69.

Shell Price Performance

Shares of NYSE SHEL opened at $66.74 on Friday. The company has a market capitalization of $205.36 billion, a PE ratio of 13.73, a P/E/G ratio of 5.60 and a beta of 0.55. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Shell plc has a twelve month low of $60.15 and a twelve month high of $74.61. The firm has a fifty day simple moving average of $64.19 and a 200 day simple moving average of $67.82.

Shell Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were paid a $0.688 dividend. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Friday, November 15th. Shell’s dividend payout ratio is 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.