Sentinel Trust Co. LBA Grows Holdings in Chevron Co. (NYSE:CVX)

Sentinel Trust Co. LBA boosted its position in shares of Chevron Co. (NYSE:CVX) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,233 shares of the oil and gas company’s stock after acquiring an additional 707 shares during the period. Sentinel Trust Co. LBA’s holdings in Chevron were worth $2,206,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Shoker Investment Counsel Inc. lifted its position in shares of Chevron by 1.2% in the fourth quarter. Shoker Investment Counsel Inc. now owns 22,106 shares of the oil and gas company’s stock valued at $3,202,000 after acquiring an additional 272 shares in the last quarter. Verus Capital Partners LLC raised its stake in Chevron by 2.6% during the 4th quarter. Verus Capital Partners LLC now owns 21,509 shares of the oil and gas company’s stock valued at $3,115,000 after purchasing an additional 538 shares during the period. Fusion Capital LLC lifted its holdings in Chevron by 2.3% in the 4th quarter. Fusion Capital LLC now owns 6,689 shares of the oil and gas company’s stock worth $969,000 after purchasing an additional 150 shares in the last quarter. Fort Sheridan Advisors LLC lifted its holdings in Chevron by 2.5% in the 4th quarter. Fort Sheridan Advisors LLC now owns 48,698 shares of the oil and gas company’s stock worth $7,053,000 after purchasing an additional 1,208 shares in the last quarter. Finally, Schulhoff & Co. Inc. boosted its stake in Chevron by 2.7% in the 4th quarter. Schulhoff & Co. Inc. now owns 37,749 shares of the oil and gas company’s stock worth $5,468,000 after purchasing an additional 997 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CVX shares. Citigroup raised shares of Chevron from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $145.00 to $185.00 in a report on Tuesday, November 26th. Wells Fargo & Company decreased their price target on shares of Chevron from $188.00 to $184.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. UBS Group dropped their price objective on shares of Chevron from $195.00 to $194.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Piper Sandler reduced their target price on Chevron from $184.00 to $173.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Finally, DZ Bank raised Chevron from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $174.13.

Insider Activity

In other Chevron news, VP Jeff B. Gustavson sold 9,325 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $152.50, for a total value of $1,422,062.50. Following the transaction, the vice president now owns 1,057 shares of the company’s stock, valued at $161,192.50. This represents a 89.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.

Chevron Stock Up 0.9 %

Shares of CVX opened at $156.57 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $152.83 and a 200 day moving average of $151.34. The company has a market cap of $281.36 billion, a PE ratio of 16.11, a P/E/G ratio of 1.46 and a beta of 1.11. Chevron Co. has a 52-week low of $135.37 and a 52-week high of $167.11.

Chevron (NYSE:CVX) last released its earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.42 by ($0.36). Chevron had a return on equity of 11.44% and a net margin of 8.71%. During the same quarter in the prior year, the business posted $3.45 earnings per share. On average, sell-side analysts expect that Chevron Co. will post 10.79 EPS for the current year.

Chevron Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 4.37%. The ex-dividend date is Friday, February 14th. This is a positive change from Chevron’s previous quarterly dividend of $1.63. Chevron’s payout ratio is 70.37%.

Chevron Profile

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.