First Hawaiian Bank Purchases 2,321 Shares of Shell plc (NYSE:SHEL)

First Hawaiian Bank boosted its holdings in shares of Shell plc (NYSE:SHEL) by 6.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,500 shares of the energy company’s stock after purchasing an additional 2,321 shares during the period. First Hawaiian Bank’s holdings in Shell were worth $2,349,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC purchased a new position in shares of Shell during the third quarter valued at about $30,000. Fairscale Capital LLC purchased a new position in shares of Shell during the 2nd quarter worth approximately $33,000. Valley Wealth Managers Inc. purchased a new position in shares of Shell in the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group bought a new stake in shares of Shell during the third quarter valued at approximately $35,000. Finally, GHP Investment Advisors Inc. raised its holdings in Shell by 40.8% in the third quarter. GHP Investment Advisors Inc. now owns 563 shares of the energy company’s stock worth $37,000 after purchasing an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Trading Down 1.9 %

Shell stock opened at $64.68 on Thursday. Shell plc has a 52-week low of $60.15 and a 52-week high of $74.61. The company has a market cap of $199.04 billion, a P/E ratio of 13.31, a P/E/G ratio of 4.84 and a beta of 0.55. The company has a quick ratio of 1.13, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The business has a 50-day simple moving average of $64.50 and a two-hundred day simple moving average of $68.15.

Shell Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 15th were issued a dividend of $0.688 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.75 dividend on an annualized basis and a yield of 4.25%. Shell’s dividend payout ratio is currently 56.58%.

Analyst Ratings Changes

A number of analysts have recently weighed in on SHEL shares. Piper Sandler reduced their target price on shares of Shell from $82.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Sanford C. Bernstein raised shares of Shell to a “strong-buy” rating in a research note on Friday, October 11th. Wells Fargo & Company cut their price target on Shell from $88.00 to $87.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Friday, January 3rd. Finally, Citigroup raised Shell to a “hold” rating in a research note on Wednesday, October 2nd. One investment 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, Shell presently has a consensus rating of “Buy” and an average price target of $79.83.

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.