Enterprise Bank & Trust Co Sells 143 Shares of Chevron Co. (NYSE:CVX)

Enterprise Bank & Trust Co lessened its holdings in shares of Chevron Co. (NYSE:CVX) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,915 shares of the oil and gas company’s stock after selling 143 shares during the quarter. Chevron accounts for approximately 1.1% of Enterprise Bank & Trust Co’s portfolio, making the stock its 20th largest position. Enterprise Bank & Trust Co’s holdings in Chevron were worth $3,375,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. American Capital Advisory LLC increased its position in shares of Chevron by 403.2% during the first quarter. American Capital Advisory LLC now owns 156 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 125 shares in the last quarter. Anfield Capital Management LLC raised its stake in shares of Chevron by 118.0% in the second quarter. Anfield Capital Management LLC now owns 218 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 118 shares during the last quarter. Cyrus J. Lawrence LLC raised its stake in shares of Chevron by 66.7% in the second quarter. Cyrus J. Lawrence LLC now owns 250 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 100 shares during the last quarter. Cooksen Wealth LLC bought a new position in shares of Chevron in the fourth quarter valued at approximately $40,000. Finally, Vima LLC purchased a new position in shares of Chevron during the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Trading Up 0.6 %

Shares of CVX opened at $149.70 on Thursday. Chevron Co. has a fifty-two week low of $135.37 and a fifty-two week high of $170.17. The business has a 50-day moving average of $145.66 and a 200 day moving average of $154.05. The firm has a market cap of $273.79 billion, a P/E ratio of 13.77, a price-to-earnings-growth ratio of 2.72 and a beta of 1.09. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.16.

Chevron (NYSE:CVX) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.55 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.38). The business had revenue of $51.18 billion during the quarter, compared to analysts’ expectations of $48.68 billion. Chevron had a return on equity of 13.70% and a net margin of 9.31%. Chevron’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.08 EPS. As a group, research analysts forecast that Chevron Co. will post 11.09 EPS for the current year.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th were issued a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.36%. Chevron’s payout ratio is 59.98%.

Analyst Ratings Changes

A number of research firms recently commented on CVX. Truist Financial lowered their price target on Chevron from $154.00 to $150.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Wolfe Research started coverage on shares of Chevron in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Barclays cut their price target on shares of Chevron from $185.00 to $168.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Mizuho decreased their price objective on shares of Chevron from $205.00 to $189.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Finally, Sanford C. Bernstein downgraded Chevron from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $183.00 to $167.00 in a research note on Wednesday, July 17th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.59.

Chevron Company 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.