Marble Harbor Investment Counsel LLC Has $3.21 Million Stake in Shell plc (NYSE:SHEL)

Marble Harbor Investment Counsel LLC lowered its position in Shell plc (NYSE:SHEL) by 1.8% in the second quarter, HoldingsChannel.com reports. The fund owned 44,450 shares of the energy company’s stock after selling 800 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in Shell were worth $3,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC bought a new position in Shell during the second quarter worth about $26,000. Beaird Harris Wealth Management LLC lifted its position in shares of Shell by 611.1% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 448 shares of the energy company’s stock worth $29,000 after purchasing an additional 385 shares during the period. Triad Wealth Partners LLC acquired a new position in shares of Shell in the 2nd quarter worth approximately $31,000. Fairman Group LLC acquired a new position in shares of Shell in the 4th quarter worth approximately $45,000. Finally, LRI Investments LLC increased its stake in shares of Shell by 3,856.3% in the 2nd quarter. LRI Investments LLC now owns 633 shares of the energy company’s stock valued at $46,000 after acquiring an additional 617 shares in the last quarter. Institutional investors and hedge funds own 28.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on SHEL. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research note on Monday, August 5th. Wells Fargo & Company cut their price objective on shares of Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, June 21st. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a report on Tuesday, July 30th. Argus upped their price objective on shares of Shell from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Finally, Scotiabank dropped their price objective on shares of Shell from $95.00 to $90.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Shell Stock Up 0.7 %

SHEL stock opened at $67.45 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $71.32 and its 200 day moving average is $70.52. The stock has a market cap of $211.17 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57. Shell plc has a 1-year low of $60.34 and a 1-year high of $74.61.

Shell (NYSE:SHEL) last issued its quarterly earnings results on Thursday, August 1st. The energy company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.15. The business had revenue of $75.06 billion for the quarter, compared to analysts’ expectations of $88.62 billion. Shell had a net margin of 5.97% and a return on equity of 14.56%. During the same period last year, the business earned $1.50 earnings per share. Sell-side analysts predict that Shell plc will post 8.61 EPS for the current fiscal year.

Shell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Friday, August 16th will be paid a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend is Friday, August 16th. Shell’s dividend payout ratio (DPR) is presently 50.74%.

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.