Triasima Portfolio Management inc. Acquires Shares of 3,975 Shell plc (NYSE:SHEL)

Triasima Portfolio Management inc. bought a new position in shares of Shell plc (NYSE:SHEL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,975 shares of the energy company’s stock, valued at approximately $249,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHEL. Procyon Advisors LLC boosted its stake in shares of Shell by 3.2% in the third quarter. Procyon Advisors LLC now owns 5,074 shares of the energy company’s stock worth $335,000 after buying an additional 159 shares during the last quarter. Foster Group Inc. boosted its position in Shell by 5.0% in the 4th quarter. Foster Group Inc. now owns 3,393 shares of the energy company’s stock worth $213,000 after purchasing an additional 162 shares in the last quarter. GHP Investment Advisors Inc. increased its holdings in shares of Shell by 40.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after purchasing an additional 163 shares in the last quarter. RHS Financial LLC boosted its holdings in Shell by 3.1% during the fourth quarter. RHS Financial LLC now owns 5,667 shares of the energy company’s stock worth $355,000 after buying an additional 173 shares in the last quarter. Finally, Doliver Advisors LP grew its position in Shell by 5.2% during the fourth quarter. Doliver Advisors LP now owns 3,632 shares of the energy company’s stock valued at $228,000 after buying an additional 180 shares during the period. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SHEL. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Friday, January 3rd. Piper Sandler dropped their price objective on Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Wells Fargo & Company decreased their target price on Shell from $86.00 to $82.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Morgan Stanley raised shares of Shell from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $66.50 to $79.80 in a report on Tuesday, January 7th. Finally, Sanford C. Bernstein upgraded shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $79.11.

Shell Stock Down 0.4 %

Shares of NYSE SHEL opened at $65.87 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $64.27 and a 200 day moving average of $67.17. Shell plc has a 12-month low of $60.15 and a 12-month high of $74.61. The stock has a market cap of $201.39 billion, a PE ratio of 13.12, a P/E/G ratio of 6.57 and a beta of 0.54.

Shell (NYSE:SHEL) last announced its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 12.75% and a net margin of 5.57%. As a group, sell-side analysts predict that Shell plc will post 7.27 EPS for the current fiscal year.

Shell Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 14th will be given a dividend of $0.716 per share. This is a boost from Shell’s previous quarterly dividend of $0.69. This represents a $2.86 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Friday, February 14th. Shell’s dividend payout ratio (DPR) is presently 56.97%.

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.