Chevron Co. (CVX) Shares Sold by Amarillo National Bank

Amarillo National Bank decreased its position in shares of Chevron Co. (NYSE:CVX) by 1.7% during the 4th quarter, HoldingsChannel reports. The fund owned 8,497 shares of the oil and gas company’s stock after selling 150 shares during the period. Amarillo National Bank’s holdings in Chevron were worth $924,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CKW Financial Group lifted its stake in shares of Chevron by 123.5% during the 4th quarter. CKW Financial Group now owns 362 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 200 shares during the period. Highwater Wealth Management LLC purchased a new position in shares of Chevron during the 4th quarter worth $51,000. Ironwood Financial llc lifted its stake in shares of Chevron by 94.2% during the 4th quarter. Ironwood Financial llc now owns 538 shares of the oil and gas company’s stock worth $59,000 after purchasing an additional 261 shares during the period. Tributary Capital Management LLC purchased a new position in shares of Chevron during the 4th quarter worth $84,000. Finally, Arlington Partners LLC lifted its stake in shares of Chevron by 237.2% during the 4th quarter. Arlington Partners LLC now owns 853 shares of the oil and gas company’s stock worth $93,000 after purchasing an additional 600 shares during the period. 65.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE CVX opened at $120.52 on Friday. Chevron Co. has a 12-month low of $100.22 and a 12-month high of $130.39. The firm has a market capitalization of $230.09 billion, a P/E ratio of 14.61, a P/E/G ratio of 2.59 and a beta of 1.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 0.90.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.13. Chevron had a return on equity of 9.07% and a net margin of 8.45%. The firm had revenue of $35.20 billion during the quarter, compared to the consensus estimate of $38.42 billion. During the same period in the prior year, the firm earned $1.90 EPS. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. On average, analysts forecast that Chevron Co. will post 7.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 17th will be issued a $1.19 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.76 annualized dividend and a yield of 3.95%. Chevron’s dividend payout ratio is currently 57.70%.

A number of analysts have recently commented on CVX shares. Royal Bank of Canada upgraded Chevron to a “sector perform” rating and set a $145.00 price objective for the company in a report on Wednesday, March 6th. Citigroup started coverage on Chevron in a report on Monday, May 13th. They set a “buy” rating and a $135.00 price objective for the company. Credit Suisse Group restated a “buy” rating and set a $130.00 price objective on shares of Chevron in a report on Wednesday, January 23rd. Mizuho restated a “buy” rating and set a $140.00 price objective on shares of Chevron in a report on Wednesday, March 6th. Finally, Tudor Pickering started coverage on Chevron in a report on Friday, March 1st. They set a “buy” rating and a $133.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $135.42.

In other Chevron news, insider James William Johnson sold 4,750 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $124.84, for a total value of $592,990.00. Following the completion of the transaction, the insider now directly owns 4,750 shares of the company’s stock, valued at approximately $592,990. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Enrique Hernandez, Jr. sold 4,200 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $122.13, for a total transaction of $512,946.00. Following the completion of the transaction, the director now directly owns 15,689 shares of the company’s stock, valued at $1,916,097.57. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,700 shares of company stock valued at $1,702,536. 0.31% of the stock is owned by insiders.

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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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