Sentinel Trust Co. LBA reduced its position in shares of Chevron Co. (NYSE:CVX) by 19.9% during the 2nd quarter, Holdings Channel reports. The firm owned 14,510 shares of the oil and gas company’s stock after selling 3,605 shares during the quarter. Sentinel Trust Co. LBA’s holdings in Chevron were worth $1,835,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CVX. Live Your Vision LLC boosted its holdings in Chevron by 308.0% in the second quarter. Live Your Vision LLC now owns 816 shares of the oil and gas company’s stock valued at $101,000 after acquiring an additional 616 shares during the last quarter. Point72 Asia Hong Kong Ltd boosted its holdings in Chevron by 20,716.7% in the first quarter. Point72 Asia Hong Kong Ltd now owns 1,249 shares of the oil and gas company’s stock valued at $142,000 after acquiring an additional 1,243 shares during the last quarter. Shine Investment Advisory Services Inc. boosted its holdings in Chevron by 45.4% in the second quarter. Shine Investment Advisory Services Inc. now owns 1,479 shares of the oil and gas company’s stock valued at $187,000 after acquiring an additional 462 shares during the last quarter. First National Bank of Hutchinson bought a new stake in Chevron in the second quarter valued at approximately $200,000. Finally, Mosaic Financial Partners Inc. bought a new stake in Chevron in the second quarter valued at approximately $200,000. Institutional investors own 64.67% of the company’s stock.

Shares of CVX opened at $115.49 on Friday. Chevron Co. has a 52-week low of $107.54 and a 52-week high of $133.88. The company has a current ratio of 1.22, a quick ratio of 1.01 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $221.48 billion, a price-to-earnings ratio of 31.21, a price-to-earnings-growth ratio of 2.00 and a beta of 1.13.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $2.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.05. Chevron had a return on equity of 8.19% and a net margin of 8.79%. The firm had revenue of $43.99 billion for the quarter, compared to analyst estimates of $47.17 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. The company’s revenue was up 21.5% compared to the same quarter last year. Equities analysts predict that Chevron Co. will post 8.26 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be paid a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Thursday, November 15th. Chevron’s dividend payout ratio (DPR) is presently 121.08%.

In other Chevron news, insider James William Johnson sold 4,750 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $116.00, for a total value of $551,000.00. Following the transaction, the insider now directly owns 4,750 shares of the company’s stock, valued at $551,000. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 23,750 shares of company stock worth $2,821,833. Insiders own 0.38% of the company’s stock.

CVX has been the topic of several analyst reports. HSBC upgraded Chevron from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Zacks Investment Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $137.00 target price on the stock in a report on Monday, October 1st. Goldman Sachs Group upgraded Chevron from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, October 2nd. Royal Bank of Canada set a $150.00 target price on Chevron and gave the company a “hold” rating in a report on Thursday, September 20th. Finally, Berenberg Bank assumed coverage on Chevron in a research note on Tuesday, September 11th. They issued a “hold” rating and a $135.00 price target on the stock. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $139.13.

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Chevron Company Profile

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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