Monroe Bank & Trust MI grew its holdings in Chevron Co. (NYSE:CVX) by 5.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,606 shares of the oil and gas company’s stock after acquiring an additional 694 shares during the quarter. Monroe Bank & Trust MI’s holdings in Chevron were worth $1,484,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the business. Shine Investment Advisory Services Inc. acquired a new position in shares of Chevron during the second quarter worth about $106,000. Winfield Associates Inc. boosted its position in shares of Chevron by 5.1% during the second quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after buying an additional 63 shares during the period. Acrospire Investment Management LLC boosted its position in shares of Chevron by 133.3% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after buying an additional 800 shares during the period. Accurate Investment Solutions Inc. boosted its position in shares of Chevron by 59.1% during the third quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock worth $159,000 after buying an additional 502 shares during the period. Finally, Ffcm LLC boosted its position in shares of Chevron by 121.1% during the second quarter. Ffcm LLC now owns 1,501 shares of the oil and gas company’s stock worth $160,000 after buying an additional 822 shares during the period. Institutional investors own 63.72% of the company’s stock.
Chevron Co. (NYSE CVX) traded up $0.40 during trading on Wednesday, reaching $113.69. The company’s stock had a trading volume of 5,049,827 shares, compared to its average volume of 7,676,119. Chevron Co. has a 12-month low of $102.55 and a 12-month high of $133.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04. The company has a market cap of $215,920.00, a price-to-earnings ratio of 30.03, a PEG ratio of 2.24 and a beta of 1.15.
Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $1.27 by ($0.54). The company had revenue of $37.62 billion for the quarter, compared to the consensus estimate of $38.43 billion. Chevron had a return on equity of 5.23% and a net margin of 6.49%. Chevron’s revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the business earned $0.22 EPS. equities analysts expect that Chevron Co. will post 6.36 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Friday, February 16th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date is Thursday, February 15th. This is an increase from Chevron’s previous quarterly dividend of $1.08. Chevron’s dividend payout ratio (DPR) is currently 114.29%.
In other Chevron news, CFO Patricia E. Yarrington sold 13,143 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $115.01, for a total value of $1,511,576.43. Following the sale, the chief financial officer now owns 17,981 shares of the company’s stock, valued at approximately $2,067,994.81. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Patricia E. Yarrington sold 116,857 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $115.29, for a total value of $13,472,443.53. Following the completion of the sale, the chief financial officer now directly owns 39,506 shares in the company, valued at approximately $4,554,646.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 264,021 shares of company stock worth $30,619,037. Company insiders own 0.38% of the company’s stock.
Several research analysts have recently weighed in on CVX shares. TheStreet raised Chevron from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Zacks Investment Research raised Chevron from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a research report on Friday, November 10th. Citigroup upped their price objective on Chevron from $118.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Jefferies Group reaffirmed a “buy” rating and set a $137.00 price objective (up from $113.54) on shares of Chevron in a research report on Monday, October 30th. Finally, Bank of America set a $125.00 price target on Chevron and gave the company a “buy” rating in a research report on Saturday, December 2nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $130.30.
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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.
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