Chevron Co. (CVX) Stake Raised by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. increased its stake in shares of Chevron Co. (NYSE:CVX) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,095 shares of the oil and gas company’s stock after buying an additional 447 shares during the period. Chevron accounts for approximately 2.3% of Stock Yards Bank & Trust Co.’s holdings, making the stock its 9th biggest holding. Stock Yards Bank & Trust Co.’s holdings in Chevron were worth $20,355,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CVX. Highwater Wealth Management LLC bought a new stake in Chevron during the 4th quarter worth approximately $51,000. Arlington Partners LLC increased its stake in 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 in the last quarter. Canton Hathaway LLC bought a new stake in Chevron during the 3rd quarter worth approximately $141,000. Signature Estate & Investment Advisors LLC bought a new stake in Chevron during the 3rd quarter worth approximately $144,000. Finally, O Brien Wealth Partners LLC increased its stake in Chevron by 4,389.3% during the 3rd quarter. O Brien Wealth Partners LLC now owns 1,257 shares of the oil and gas company’s stock worth $154,000 after purchasing an additional 1,229 shares in the last quarter. Institutional investors and hedge funds own 66.07% of the company’s stock.

In other Chevron news, insider Jeanette L. Ourada sold 7,200 shares of Chevron stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $116.50, for a total value of $838,800.00. Following the transaction, the insider now owns 7,200 shares in the company, valued at $838,800. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James William Johnson sold 4,750 shares of Chevron stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $125.60, for a total value of $596,600.00. Following the sale, the insider now directly owns 4,750 shares in the company, valued at $596,600. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,700 shares of company stock worth $2,028,390. Company insiders own 0.46% of the company’s stock.

A number of analysts recently issued reports on CVX shares. Zacks Investment Research cut Chevron from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 3rd. Royal Bank of Canada reissued a “hold” rating and set a $130.00 target price on shares of Chevron in a research note on Monday, January 7th. HSBC downgraded Chevron from a “buy” rating to a “hold” rating and reduced their price target for the stock from $136.00 to $122.00 in a research report on Monday, January 14th. UBS Group raised Chevron from a “neutral” rating to a “buy” rating and set a $112.95 price target for the company in a research report on Friday, January 18th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $130.00 price target on shares of Chevron in a research report on Wednesday, January 23rd. Seven equities research 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 stock currently has an average rating of “Buy” and a consensus target price of $136.30.

Shares of NYSE CVX traded down $0.41 during mid-day trading on Friday, reaching $119.86. The company had a trading volume of 9,546,462 shares, compared to its average volume of 7,791,694. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.04 and a current ratio of 1.25. Chevron Co. has a one year low of $100.22 and a one year high of $131.08. The stock has a market capitalization of $228.30 billion, a P/E ratio of 14.53, a PEG ratio of 3.48 and a beta of 1.03.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, February 1st. The oil and gas company reported $1.95 EPS for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.08. Chevron had a return on equity of 9.78% and a net margin of 8.91%. The company had revenue of $42.35 billion for the quarter, compared to analysts’ expectations of $41.46 billion. During the same quarter last year, the business earned $1.64 earnings per share. Chevron’s revenue was up 12.6% on a year-over-year basis. Equities research analysts forecast that Chevron Co. will post 6.75 earnings per share for the current year.

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About Chevron

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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