Davis R M Inc. trimmed its position in shares of Chevron Co. (NYSE:CVX) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,157 shares of the oil and gas company’s stock after selling 618 shares during the period. Davis R M Inc.’s holdings in Chevron were worth $4,401,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC increased its holdings in Chevron by 3.7% in the fourth quarter. Bogart Wealth LLC now owns 15,316 shares of the oil and gas company’s stock valued at $1,917,000 after buying an additional 542 shares during the last quarter. Numeric Investors LLC grew its holdings in shares of Chevron by 158.4% during the second quarter. Numeric Investors LLC now owns 52,200 shares of the oil and gas company’s stock worth $5,446,000 after purchasing an additional 32,000 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Chevron by 24.7% during the second quarter. Toronto Dominion Bank now owns 660,443 shares of the oil and gas company’s stock worth $68,894,000 after purchasing an additional 130,990 shares during the last quarter. Shell Asset Management Co. grew its holdings in shares of Chevron by 41.2% during the third quarter. Shell Asset Management Co. now owns 506,198 shares of the oil and gas company’s stock worth $60,400,000 after purchasing an additional 147,738 shares during the last quarter. Finally, Perpetual Ltd grew its holdings in shares of Chevron by 6.8% during the second quarter. Perpetual Ltd now owns 22,012 shares of the oil and gas company’s stock worth $2,297,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors own 64.98% of the company’s stock.
A number of equities analysts recently issued reports on the company. Vetr raised Chevron from a “hold” rating to a “buy” rating and set a $117.38 price target on the stock in a report on Tuesday. Credit Suisse Group reduced their price objective on shares of Chevron from $129.00 to $123.00 and set a “neutral” rating for the company in a research report on Wednesday, March 7th. DZ Bank upgraded shares of Chevron from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Bank of America upgraded shares of Chevron from a “neutral” rating to a “buy” rating and lifted their price target for the company from $113.61 to $138.00 in a research report on Wednesday, February 28th. They noted that the move was a valuation call. Finally, BNP Paribas raised shares of Chevron from an “underperform” rating to a “neutral” rating in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Chevron has an average rating of “Buy” and an average price target of $129.79.
Shares of NYSE:CVX opened at $114.76 on Friday. The company has a market capitalization of $218,685.78, a PE ratio of 31.02, a P/E/G ratio of 2.25 and a beta of 1.16. Chevron Co. has a twelve month low of $102.55 and a twelve month high of $133.88. The company has a quick ratio of 0.83, a current ratio of 1.03 and a debt-to-equity ratio of 0.22.
Chevron (NYSE:CVX) last released its earnings results on Friday, February 2nd. The oil and gas company reported $0.73 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.54). The business had revenue of $37.62 billion for the quarter, compared to analyst estimates of $38.43 billion. Chevron had a net margin of 6.49% and a return on equity of 5.22%. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.22 earnings per share. equities analysts forecast that Chevron Co. will post 6.35 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Friday, February 16th were given a $1.12 dividend. This represents a $4.48 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend was Thursday, February 15th. This is an increase from Chevron’s previous quarterly dividend of $1.08. Chevron’s dividend payout ratio is 121.08%.
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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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