Shell plc (NYSE:SHEL) Shares Sold by First Hawaiian Bank

First Hawaiian Bank decreased its holdings in Shell plc (NYSE:SHEL) by 0.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,121 shares of the energy company’s stock after selling 324 shares during the quarter. First Hawaiian Bank’s holdings in Shell were worth $2,607,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC raised its stake in shares of Shell by 2.1% during the 4th quarter. Fisher Asset Management LLC now owns 22,871,131 shares of the energy company’s stock worth $1,504,920,000 after purchasing an additional 477,432 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Shell by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock worth $450,180,000 after purchasing an additional 772,736 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Shell by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 6,173,651 shares of the energy company’s stock valued at $406,226,000 after acquiring an additional 143,910 shares during the last quarter. Mawer Investment Management Ltd. increased its holdings in shares of Shell by 19.9% during the 4th quarter. Mawer Investment Management Ltd. now owns 5,325,276 shares of the energy company’s stock valued at $350,403,000 after acquiring an additional 885,069 shares during the last quarter. Finally, Westwood Global Investments LLC increased its holdings in shares of Shell by 1.2% during the 1st quarter. Westwood Global Investments LLC now owns 2,446,144 shares of the energy company’s stock valued at $163,989,000 after acquiring an additional 28,818 shares during the last quarter. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shell Stock Down 2.4 %

Shares of SHEL traded down $1.69 on Monday, hitting $69.99. 4,956,389 shares of the stock traded hands, compared to its average volume of 4,201,269. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.42. Shell plc has a one year low of $60.13 and a one year high of $74.61. The company has a market capitalization of $221.31 billion, a PE ratio of 12.90, a P/E/G ratio of 1.66 and a beta of 0.59. The business has a 50 day simple moving average of $71.58 and a 200 day simple moving average of $68.95.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.51%. The business had revenue of $75.06 billion for the quarter, compared to analysts’ expectations of $88.62 billion. During the same quarter last year, the company posted $1.50 EPS. As a group, equities analysts forecast that Shell plc will post 8.53 earnings per share for the current fiscal year.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, August 16th will be issued a $0.688 dividend. The ex-dividend date is Thursday, August 15th. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.93%. Shell’s dividend payout ratio (DPR) is presently 50.74%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wolfe Research initiated coverage on Shell in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. TD Securities upped their target price on Shell from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Royal Bank of Canada upgraded Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Wells Fargo & Company reduced their target price on Shell from $91.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, June 21st. Finally, Scotiabank dropped their price target on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 12th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Shell presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.40.

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.