Private Vista LLC raised its holdings in shares of Chevron Co. (NYSE:CVX) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,191 shares of the oil and gas company’s stock after acquiring an additional 99 shares during the quarter. Private Vista LLC’s holdings in Chevron were worth $1,000,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in CVX. Bogart Wealth LLC raised its stake in Chevron by 0.5% during the 4th quarter. Bogart Wealth LLC now owns 18,554 shares of the oil and gas company’s stock valued at $2,018,000 after acquiring an additional 97 shares during the last quarter. Vision Capital Management Inc. raised its stake in shares of Chevron by 2.5% during the 4th quarter. Vision Capital Management Inc. now owns 4,306 shares of the oil and gas company’s stock worth $468,000 after buying an additional 107 shares in the last quarter. Burke & Herbert Bank & Trust Co. raised its stake in shares of Chevron by 0.6% during the 4th quarter. Burke & Herbert Bank & Trust Co. now owns 19,380 shares of the oil and gas company’s stock worth $2,108,000 after buying an additional 107 shares in the last quarter. Mycio Wealth Partners LLC raised its stake in shares of Chevron by 1.1% during the 4th quarter. Mycio Wealth Partners LLC now owns 9,907 shares of the oil and gas company’s stock worth $1,078,000 after buying an additional 109 shares in the last quarter. Finally, Atlas Brown Inc. raised its stake in shares of Chevron by 0.4% during the 4th quarter. Atlas Brown Inc. now owns 26,217 shares of the oil and gas company’s stock worth $2,852,000 after buying an additional 109 shares in the last quarter. 65.47% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on the company. Royal Bank of Canada raised Chevron to a “sector perform” rating and set a $145.00 target price for the company in a research note on Wednesday, March 6th. Barclays upped their price target on Chevron from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Mizuho restated a “buy” rating and issued a $140.00 price target on shares of Chevron in a report on Wednesday, March 6th. Morgan Stanley started coverage on Chevron in a report on Monday, April 1st. They issued an “overweight” rating and a $146.00 price target on the stock. Finally, Citigroup started coverage on Chevron in a report on Monday, May 13th. They set a “buy” rating and a $135.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Chevron has an average rating of “Buy” and a consensus price target of $135.42.
Shares of CVX traded down $1.54 during trading hours on Wednesday, hitting $116.77. The stock had a trading volume of 7,267,161 shares, compared to its average volume of 7,476,835. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17. Chevron Co. has a 12-month low of $100.22 and a 12-month high of $128.55. The firm has a market capitalization of $223.10 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 2.54 and a beta of 1.00.
Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $1.39 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 company had revenue of $35.20 billion for the quarter, compared to analyst estimates of $38.42 billion. During the same period last year, the company posted $1.90 earnings per share. The firm’s revenue was down 6.8% compared to the same quarter last year. Sell-side analysts predict that Chevron Co. will post 7.49 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Friday, May 17th will be given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Thursday, May 16th. Chevron’s payout ratio is 57.70%.
In other Chevron news, insider James William Johnson sold 4,750 shares of Chevron stock in a transaction that occurred on Thursday, March 14th. The stock was 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 in the company, valued at $592,990. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Enrique Hernandez, Jr. sold 2,100 shares of Chevron stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $121.75, for a total value of $255,675.00. Following the completion of the transaction, the director now owns 15,689 shares of the company’s stock, valued at $1,910,135.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,800 shares of company stock worth $1,958,211. Corporate insiders own 0.31% of the company’s stock.
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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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