First Hawaiian Bank Decreases Stock Holdings in Shell PLC Unsponsored ADR $SHEL

First Hawaiian Bank lowered its stake in shares of Shell PLC Unsponsored ADR (NYSE:SHEL) by 6.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 35,027 shares of the energy company’s stock after selling 2,473 shares during the quarter. First Hawaiian Bank’s holdings in Shell were worth $2,567,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Kennebec Savings Bank bought a new position in shares of Shell during the 1st quarter valued at approximately $25,000. Avalon Trust Co bought a new position in shares of Shell during the 1st quarter valued at approximately $25,000. Brown Lisle Cummings Inc. increased its position in shares of Shell by 103.4% during the 1st quarter. Brown Lisle Cummings Inc. now owns 356 shares of the energy company’s stock valued at $26,000 after purchasing an additional 181 shares during the last quarter. Truvestments Capital LLC increased its position in shares of Shell by 102.9% during the 1st quarter. Truvestments Capital LLC now owns 420 shares of the energy company’s stock valued at $31,000 after purchasing an additional 213 shares during the last quarter. Finally, Cheviot Value Management LLC bought a new position in shares of Shell during the 1st quarter valued at approximately $37,000. Institutional investors own 28.60% of the company’s stock.

Shell Price Performance

SHEL opened at $71.39 on Friday. Shell PLC Unsponsored ADR has a 12-month low of $58.54 and a 12-month high of $74.21. The company has a current ratio of 1.32, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. The business’s fifty day simple moving average is $72.10 and its 200-day simple moving average is $69.21. The company has a market capitalization of $209.76 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 1.89 and a beta of 0.46.

Shell (NYSE:SHEL) last posted its quarterly earnings results on Thursday, July 31st. The energy company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.29. Shell had a return on equity of 10.67% and a net margin of 4.93%.The business had revenue of $66.44 billion for the quarter, compared to the consensus estimate of $69.31 billion. On average, equities research analysts anticipate that Shell PLC Unsponsored ADR will post 7.67 earnings per share for the current fiscal year.

Shell Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, August 15th will be paid a dividend of $0.716 per share. This represents a $2.86 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, August 15th. Shell’s dividend payout ratio is 64.41%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Wells Fargo & Company cut their price objective on Shell from $80.00 to $79.00 and set an “overweight” rating on the stock in a research report on Thursday, June 26th. Melius assumed coverage on Shell in a research report on Wednesday, August 20th. They issued a “hold” rating and a $70.00 price objective on the stock. HSBC reaffirmed a “hold” rating and issued a $78.30 price objective (down previously from $78.90) on shares of Shell in a research report on Monday, August 4th. Scotiabank reaffirmed an “outperform” rating on shares of Shell in a research report on Friday, July 11th. Finally, Sanford C. Bernstein downgraded Shell from an “outperform” rating to a “market perform” rating in a research report on Monday, June 16th. Ten research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.71.

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.