Cinctive Capital Management LP Acquires Shares of 76,569 Shell plc (NYSE:SHEL)

Cinctive Capital Management LP bought a new stake in Shell plc (NYSE:SHEL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 76,569 shares of the energy company’s stock, valued at approximately $4,797,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Valley National Advisers Inc. raised its stake in shares of Shell by 930.2% during the 4th quarter. Valley National Advisers Inc. now owns 443 shares of the energy company’s stock worth $27,000 after buying an additional 400 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in shares of Shell in the 4th quarter valued at about $28,000. Human Investing LLC acquired a new stake in shares of Shell in the fourth quarter valued at about $31,000. Millstone Evans Group LLC purchased a new stake in Shell during the fourth quarter worth about $36,000. Finally, Summit Securities Group LLC lifted its position in shares of Shell by 50.0% during the 4th quarter. Summit Securities Group LLC now owns 600 shares of the energy company’s stock valued at $38,000 after acquiring an additional 200 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Trading Down 0.4 %

NYSE SHEL opened at $72.78 on Thursday. The firm has a market capitalization of $220.07 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 0.98 and a beta of 0.47. Shell plc has a one year low of $60.15 and a one year high of $74.61. The company has a 50-day simple moving average of $68.08 and a 200-day simple moving average of $66.55. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.10 and a current ratio of 1.35.

Shell (NYSE:SHEL) last posted its earnings results on Thursday, January 30th. The energy company reported $1.20 EPS 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, equities analysts forecast that Shell plc will post 7.67 earnings per share for the current year.

Shell Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, February 14th were given a dividend of $0.716 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.86 annualized dividend and a dividend yield of 3.94%. This is a positive change from Shell’s previous quarterly dividend of $0.69. Shell’s dividend payout ratio is currently 56.97%.

Analyst Ratings Changes

Several equities analysts recently issued reports on SHEL shares. Wolfe Research raised Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Friday, January 3rd. Wells Fargo & Company increased their price objective on Shell from $81.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, March 26th. Royal Bank of Canada reissued an “outperform” rating on shares of Shell in a research note on Wednesday, March 26th. Morgan Stanley upgraded shares of Shell from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $80.10.

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.