The Private Bank & Trust Co. Has $2.09 Million Stake in Chevron Co. (CVX)

The Private Bank & Trust Co. Has $2.09 Million Stake in Chevron Co. (CVX)

Other large investors have also recently added to or reduced their stakes in the company. TLP Group LLC purchased a new stake in Chevron during the third quarter worth approximately $130,000. Mascoma Wealth Management LLC bought a new stake in Chevron during the fourth quarter valued at about $131,000. Patriot Financial Group Insurance Agency LLC bought a new stake in Chevron during the fourth quarter valued at about $139,000. Tortoise Investment Management LLC boosted its stake in Chevron by 46.4% in the fourth quarter. Tortoise Investment Management LLC now owns 1,329 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 421 shares during the last quarter. Finally, Fusion Family Wealth LLC bought a new stake in Chevron during the fourth quarter valued at about $160,000. Institutional investors own 62.50% of the company’s stock.

Private Bank & Trust Co. boosted its position in Chevron Co. (NYSE:CVX) by 4.8% during the first quarter, Holdings Channel reports. The fund owned 19,425 shares of the oil and gas company’s stock after buying an additional 888 shares during the period. Private Bank & Trust Co.’s holdings in Chevron were worth $2,087,000 as of its most recent filing with the SEC.

Shares of Chevron Co. (NYSE CVX) opened at 103.11 on Monday. Chevron Co. has a 12 month low of $97.53 and a 12 month high of $119.00. The stock has a market cap of $195.35 billion, a price-to-earnings ratio of 66.91 and a beta of 1.22. The company has a 50-day moving average price of $105.58 and a 200-day moving average price of $110.77.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, April 28th. The oil and gas company reported $1.41 EPS for the quarter, topping the consensus estimate of $0.85 by $0.56. The company had revenue of $33.42 billion for the quarter, compared to analyst estimates of $34.05 billion. Chevron had a positive return on equity of 1.26% and a negative net margin of 0.43%. The firm’s revenue was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.39) earnings per share. On average, analysts expect that Chevron Co. will post $4.38 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Friday, May 19th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Wednesday, May 17th. Chevron’s dividend payout ratio (DPR) is -1,600.00%. Several equities research analysts have recently issued reports on CVX shares. TheStreet upgraded shares of Chevron from a “c” rating to a “b” rating in a research report on Tuesday, May 2nd. Jefferies Group LLC lifted their price objective on shares of Chevron from $141.00 to $147.00 and gave the company a “buy” rating in a research report on Monday, February 27th. Scotiabank set a $121.00 price objective on shares of Chevron and gave the company a “buy” rating in a research report on Tuesday, March 14th. Vetr upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $119.27 price objective on the stock in a research report on Tuesday, March 28th. Finally, Bank of America Corp reiterated a “buy” rating and set a $135.00 price objective (down previously from $145.00) on shares of Chevron in a research report on Thursday, May 11th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $119.75.

Chevron Company Profile Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CVX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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