Carroll Financial Associates Inc. cut its stake in shares of Chevron Co. (NYSE:CVX) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,961 shares of the oil and gas company’s stock after selling 1,073 shares during the quarter. Carroll Financial Associates Inc.’s holdings in Chevron were worth $2,874,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. Koshinski Asset Management Inc. boosted its stake in Chevron by 8.0% in the 4th quarter. Koshinski Asset Management Inc. now owns 14,572 shares of the oil and gas company’s stock worth $1,824,000 after purchasing an additional 1,077 shares during the period. Numeric Investors LLC boosted its position in shares of Chevron by 158.4% during the 2nd quarter. Numeric Investors LLC now owns 52,200 shares of the oil and gas company’s stock valued at $5,446,000 after acquiring an additional 32,000 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Chevron by 24.7% during the 2nd quarter. Toronto Dominion Bank now owns 660,443 shares of the oil and gas company’s stock valued at $68,894,000 after acquiring an additional 130,990 shares during the last quarter. Bogart Wealth LLC boosted its position in shares of Chevron by 3.7% during the 4th quarter. Bogart Wealth LLC now owns 15,316 shares of the oil and gas company’s stock valued at $1,917,000 after acquiring an additional 542 shares during the last quarter. Finally, Shell Asset Management Co. boosted its position in shares of Chevron by 41.2% during the 3rd quarter. Shell Asset Management Co. now owns 506,198 shares of the oil and gas company’s stock valued at $60,400,000 after acquiring an additional 147,738 shares during the last quarter. Institutional investors own 64.96% of the company’s stock.
Shares of Chevron stock opened at $115.40 on Monday. Chevron Co. has a twelve month low of $102.55 and a twelve month high of $133.88. The firm has a market capitalization of $220,443.20, a price-to-earnings ratio of 28.28, a P/E/G ratio of 2.26 and a beta of 1.19. The company has a current ratio of 1.03, a quick ratio of 0.83 and a debt-to-equity ratio of 0.22.
Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.54). Chevron had a net margin of 6.49% and a return on equity of 5.22%. The company had revenue of $37.62 billion for the quarter, compared to analysts’ expectations of $38.43 billion. During the same quarter in the previous year, the company posted $0.22 EPS. The business’s quarterly revenue was up 19.4% on a year-over-year basis. equities analysts forecast that Chevron Co. will post 6.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Friday, February 16th were paid a $1.12 dividend. This is a positive change from Chevron’s previous quarterly dividend of $1.08. The ex-dividend date was Thursday, February 15th. This represents a $4.48 dividend on an annualized basis and a yield of 3.88%. Chevron’s dividend payout ratio (DPR) is presently 92.37%.
A number of research firms have recently commented on CVX. Royal Bank of Canada upgraded Chevron from an “underperform” rating to a “sector perform” rating and set a $125.00 target price for the company in a research report on Friday, February 9th. Morgan Stanley increased their target price on Chevron from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Vetr downgraded Chevron from a “buy” rating to a “hold” rating and set a $134.35 target price for the company. in a research report on Thursday, January 11th. Zacks Investment Research downgraded Chevron from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Finally, DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $130.00.
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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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