First Hawaiian Bank Raises Holdings in Shell plc (NYSE:SHEL)

First Hawaiian Bank boosted its stake in Shell plc (NYSE:SHEL) by 4.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,020 shares of the energy company’s stock after buying an additional 1,660 shares during the quarter. First Hawaiian Bank’s holdings in Shell were worth $2,537,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in SHEL. Ieq Capital LLC raised its stake in Shell by 1.1% during the first quarter. Ieq Capital LLC now owns 16,533 shares of the energy company’s stock worth $951,000 after purchasing an additional 178 shares during the period. Advisory Services Network LLC lifted its stake in shares of Shell by 0.5% during the first quarter. Advisory Services Network LLC now owns 34,824 shares of the energy company’s stock worth $2,004,000 after purchasing an additional 182 shares in the last quarter. Personal CFO Solutions LLC lifted its stake in shares of Shell by 4.1% during the first quarter. Personal CFO Solutions LLC now owns 4,680 shares of the energy company’s stock worth $269,000 after purchasing an additional 183 shares in the last quarter. Summit Global Investments raised its stake in shares of Shell by 1.3% during the first quarter. Summit Global Investments now owns 14,889 shares of the energy company’s stock valued at $857,000 after purchasing an additional 187 shares during the period. Finally, Mission Wealth Management LP raised its stake in shares of Shell by 1.5% during the first quarter. Mission Wealth Management LP now owns 13,133 shares of the energy company’s stock valued at $756,000 after purchasing an additional 190 shares during the period. Institutional investors and hedge funds own 9.23% of the company’s stock.

Shell Trading Up 2.2 %

Shell stock opened at $65.34 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.46 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average price of $61.85 and a two-hundred day moving average price of $60.38. The firm has a market capitalization of $220.04 billion, a price-to-earnings ratio of 7.99, a PEG ratio of 0.80 and a beta of 0.67. Shell plc has a 52-week low of $46.74 and a 52-week high of $65.37.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, July 27th. The energy company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.09). The business had revenue of $76.02 billion for the quarter. Shell had a net margin of 7.94% and a return on equity of 17.65%. During the same quarter in the prior year, the firm earned $3.04 earnings per share. Sell-side analysts expect that Shell plc will post 8.56 earnings per share for the current year.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Friday, August 11th will be paid a dividend of $0.662 per share. This is a boost from Shell’s previous quarterly dividend of $0.58. The ex-dividend date is Thursday, August 10th. This represents a $2.65 annualized dividend and a yield of 4.05%. Shell’s dividend payout ratio (DPR) is presently 32.40%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Morgan Stanley upgraded Shell from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, June 21st. Piper Sandler reduced their target price on Shell from $75.00 to $67.00 in a research note on Tuesday, June 13th. Finally, Royal Bank of Canada cut their target price on shares of Shell from 28.00 to 27.00 and set an “outperform” rating on the stock in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $1,992.17.

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 necessary to deliver gas to market.