Cadinha & Co. LLC Has $231,000 Holdings in Shell plc (NYSE:SHEL)

Cadinha & Co. LLC decreased its stake in shares of Shell plc (NYSE:SHEL) by 11.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,205 shares of the energy company’s stock after selling 400 shares during the quarter. Cadinha & Co. LLC’s holdings in Shell were worth $231,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Mondrian Investment Partners LTD raised its holdings in Shell by 83.2% in the 1st quarter. Mondrian Investment Partners LTD now owns 2,187,872 shares of the energy company’s stock valued at $146,675,000 after acquiring an additional 993,342 shares in the last quarter. Mawer Investment Management Ltd. raised its stake in shares of Shell by 19.9% in the fourth quarter. Mawer Investment Management Ltd. now owns 5,325,276 shares of the energy company’s stock valued at $350,403,000 after purchasing an additional 885,069 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in Shell by 130.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,400,186 shares of the energy company’s stock worth $92,132,000 after buying an additional 793,136 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Shell by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock valued at $450,180,000 after buying an additional 772,736 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of Shell by 65.7% during the 2nd quarter. Raymond James & Associates now owns 1,698,247 shares of the energy company’s stock worth $122,579,000 after acquiring an additional 673,624 shares during the period. Institutional investors and hedge funds own 28.60% of the company’s stock.

Shell Stock Down 1.2 %

NYSE:SHEL opened at $71.66 on Friday. The stock has a market cap of $225.47 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 1.58 and a beta of 0.59. 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 stock has a 50-day moving average price of $72.20 and a two-hundred day moving average price of $70.17. Shell plc has a 1 year low of $60.34 and a 1 year high of $74.61.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, August 1st. The energy company reported $1.97 EPS 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 14.56%. The firm had revenue of $75.06 billion for the quarter, compared to the consensus estimate of $88.62 billion. During the same period last year, the company posted $1.50 EPS. As a group, equities analysts expect that Shell plc will post 8.58 earnings per share for the current year.

Shell Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, August 16th will be issued a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Friday, August 16th. Shell’s dividend payout ratio (DPR) is presently 50.74%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wolfe Research initiated coverage on shares of Shell in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Argus boosted their target price on Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Scotiabank dropped their price objective on Shell from $95.00 to $90.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Royal Bank of Canada raised shares of Shell to a “moderate buy” rating in a research note on Tuesday, July 30th. Finally, Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a report on Monday, August 5th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $85.00.

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.