Grange Capital LLC Invests $276,000 in Shell plc (NYSE:SHEL)

Grange Capital LLC acquired a new stake in Shell plc (NYSE:SHEL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,413 shares of the energy company’s stock, valued at approximately $276,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC acquired a new stake in Shell in the third quarter valued at $30,000. Valley Wealth Managers Inc. acquired a new stake in Shell in the third quarter valued at $33,000. Brooklyn Investment Group bought a new stake in Shell during the third quarter valued at $35,000. GHP Investment Advisors Inc. boosted its position in Shell by 40.8% during the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock valued at $37,000 after acquiring an additional 163 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its position in Shell by 567.0% during the third quarter. Rakuten Securities Inc. now owns 627 shares of the energy company’s stock valued at $41,000 after acquiring an additional 533 shares during the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Price Performance

Shares of NYSE SHEL opened at $65.39 on Friday. Shell plc has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The stock has a market cap of $199.92 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 5.89 and a beta of 0.55. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40. The firm’s 50-day simple moving average is $64.23 and its 200 day simple moving average is $67.62.

Shell (NYSE:SHEL) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.72 by $0.20. The firm had revenue of $72.46 billion during the quarter, compared to analyst estimates of $84.58 billion. Shell had a net margin of 5.17% and a return on equity of 14.54%. During the same quarter last year, the business posted $1.86 EPS. As a group, research analysts anticipate that Shell plc will post 8.16 earnings per share for the current fiscal year.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 15th were paid a dividend of $0.688 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 annualized dividend and a dividend yield of 4.21%. Shell’s payout ratio is currently 56.58%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research report on Friday, October 11th. Citigroup raised shares of Shell to a “hold” rating in a research report on Wednesday, October 2nd. Wolfe Research raised shares of Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Friday, January 3rd. Scotiabank cut their price objective on shares of Shell from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Finally, Barclays raised shares of Shell to a “strong-buy” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $79.69.

About Shell

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.