Chevron Corporation (NYSE:CVX) Stock Position Decreased by Sentinel Trust Co. LBA

Sentinel Trust Co. LBA lessened its holdings in shares of Chevron Corporation (NYSE:CVX) by 4.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,526 shares of the oil and gas company’s stock after selling 707 shares during the period. Sentinel Trust Co. LBA’s holdings in Chevron were worth $2,430,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. IMG Wealth Management Inc. bought a new position in Chevron in the 4th quarter worth about $25,000. Mizuho Securities Co. Ltd. bought a new position in Chevron in the 4th quarter worth about $29,000. 10Elms LLP bought a new position in Chevron in the 4th quarter worth about $29,000. IFS Advisors LLC lifted its stake in shares of Chevron by 119.6% in the 1st quarter. IFS Advisors LLC now owns 213 shares of the oil and gas company’s stock worth $36,000 after acquiring an additional 116 shares during the period. Finally, Navigoe LLC acquired a new stake in shares of Chevron in the 4th quarter worth approximately $33,000. Institutional investors own 72.42% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. TD Cowen reduced their price target on shares of Chevron from $155.00 to $150.00 and set a “hold” rating for the company in a research note on Monday, May 5th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $165.00 price target (up from $164.00) on shares of Chevron in a research note on Thursday, June 26th. Redburn Atlantic reaffirmed a “sell” rating and issued a $124.00 price target (down from $156.00) on shares of Chevron in a research note on Wednesday, April 23rd. Hsbc Global Res lowered shares of Chevron from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 13th. Finally, BNP Paribas lowered shares of Chevron to a “cautious” rating in a research note on Tuesday, April 15th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Chevron has an average rating of “Hold” and an average price target of $161.65.

Chevron Trading Up 0.8%

Shares of NYSE:CVX opened at $155.38 on Friday. The firm has a fifty day moving average of $142.62 and a two-hundred day moving average of $148.44. The firm has a market capitalization of $271.35 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 2.63 and a beta of 0.83. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $168.96. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.17.

Chevron (NYSE:CVX) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.03. Chevron had a net margin of 7.76% and a return on equity of 10.73%. The firm had revenue of $47.61 billion during the quarter, compared to analysts’ expectations of $49.05 billion. During the same period in the previous year, the company earned $2.93 earnings per share. The company’s revenue was down 2.3% compared to the same quarter last year. On average, equities analysts expect that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th were paid a dividend of $1.71 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.84 annualized dividend and a dividend yield of 4.40%. Chevron’s dividend payout ratio (DPR) is 78.17%.

About Chevron

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