Sanibel Captiva Trust Company Inc. Has $1.58 Million Stock Holdings in Shell plc (NYSE:SHEL)

Sanibel Captiva Trust Company Inc. lifted its holdings in shares of Shell plc (NYSE:SHEL) by 1.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,930 shares of the energy company’s stock after buying an additional 209 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Shell were worth $1,583,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Mondrian Investment Partners LTD raised its holdings in shares of 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 purchasing an additional 993,342 shares during the period. Mawer Investment Management Ltd. boosted its position in shares of Shell by 19.9% during the 4th quarter. Mawer Investment Management Ltd. now owns 5,325,276 shares of the energy company’s stock worth $350,403,000 after acquiring an additional 885,069 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Shell by 130.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,400,186 shares of the energy company’s stock worth $92,132,000 after acquiring an additional 793,136 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Shell by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,715,078 shares of the energy company’s stock worth $450,180,000 after acquiring an additional 772,736 shares in the last quarter. Finally, Raymond James & Associates boosted its position 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 in the last quarter. 28.60% of the stock is currently owned by institutional investors and hedge funds.

Shell Trading Down 2.0 %

Shares of SHEL stock traded down $1.47 during trading hours on Tuesday, hitting $71.40. 3,722,643 shares of the company’s stock traded hands, compared to its average volume of 4,148,910. The stock’s 50 day simple moving average is $71.79 and its 200 day simple moving average is $69.68. The stock has a market cap of $224.65 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.61 and a beta of 0.59. Shell plc has a 12 month low of $60.13 and a 12 month high of $74.61. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.35.

Shell (NYSE:SHEL) last announced its earnings results on Thursday, August 1st. The energy company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.15. Shell had a net margin of 5.97% and a return on equity of 14.56%. The business had revenue of $75.06 billion during the quarter, compared to the consensus estimate of $88.62 billion. During the same quarter last year, the firm earned $1.50 earnings per share. On average, sell-side analysts anticipate that Shell plc will post 8.63 EPS for the current year.

Shell Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, August 16th will be paid a $0.688 dividend. This represents a $2.75 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Friday, August 16th. Shell’s dividend payout ratio (DPR) is currently 50.74%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Argus increased their price target on shares of Shell from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Wells Fargo & Company cut their target price on shares of Shell from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, June 21st. Berenberg Bank upgraded shares of Shell to a “strong-buy” rating in a research report on Monday, August 5th. TD Securities raised their target price on shares of Shell from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Wolfe Research assumed coverage on shares of Shell in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

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.