Sentry Investment Management LLC Sells 389 Shares of Chevron Co. (NYSE:CVX)

Sentry Investment Management LLC cut its position in Chevron Co. (NYSE:CVX) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,183 shares of the oil and gas company’s stock after selling 389 shares during the quarter. Sentry Investment Management LLC’s holdings in Chevron were worth $1,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. United Advisor Group LLC boosted its position in shares of Chevron by 26.8% during the 3rd quarter. United Advisor Group LLC now owns 6,128 shares of the oil and gas company’s stock valued at $902,000 after acquiring an additional 1,296 shares during the last quarter. James J. Burns & Company LLC grew its position in Chevron by 3.9% in the third quarter. James J. Burns & Company LLC now owns 2,074 shares of the oil and gas company’s stock worth $306,000 after acquiring an additional 77 shares in the last quarter. Cary Street Partners Asset Management LLC raised its position in Chevron by 2.6% during the third quarter. Cary Street Partners Asset Management LLC now owns 3,421 shares of the oil and gas company’s stock valued at $504,000 after purchasing an additional 87 shares in the last quarter. FSM Wealth Advisors LLC increased its position in shares of Chevron by 1.5% during the 3rd quarter. FSM Wealth Advisors LLC now owns 7,309 shares of the oil and gas company’s stock valued at $1,076,000 after purchasing an additional 108 shares during the last quarter. Finally, Moloney Securities Asset Management LLC lifted its position in Chevron by 2.9% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 22,583 shares of the oil and gas company’s stock worth $3,326,000 after buying an additional 631 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

Chevron Price Performance

Shares of NYSE:CVX opened at $153.97 on Tuesday. The business has a 50-day simple moving average of $147.07 and a two-hundred day simple moving average of $152.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.16. The firm has a market cap of $281.60 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 3.39 and a beta of 1.09. Chevron Co. has a fifty-two week low of $135.37 and a fifty-two week high of $167.11.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.04. The firm had revenue of $50.67 billion for the quarter, compared to the consensus estimate of $48.86 billion. Chevron had a return on equity of 13.07% and a net margin of 8.44%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the business posted $3.05 EPS. On average, analysts expect that Chevron Co. will post 10.7 earnings per share for the current year.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th will be given a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.23%. Chevron’s payout ratio is presently 71.65%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CVX. Wells Fargo & Company lowered their price target on shares of Chevron from $196.00 to $169.00 and set an “overweight” rating for the company in a research note on Friday, September 27th. Wolfe Research assumed coverage on shares of Chevron in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. DZ Bank upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a report on Tuesday. Truist Financial upped their price target on Chevron from $150.00 to $155.00 and gave the company a “hold” rating in a research report on Monday. Finally, Scotiabank reduced their target price on Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.93.

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.