YHB Investment Advisors Inc. boosted its position in Chevron Co. (NYSE:CVX) by 3.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,215 shares of the oil and gas company’s stock after buying an additional 1,143 shares during the period. YHB Investment Advisors Inc.’s holdings in Chevron were worth $4,158,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of CVX. Acrospire Investment Management LLC boosted its stake in shares of Chevron by 133.3% in the 2nd 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 last quarter. Accurate Investment Solutions Inc. raised its holdings in Chevron by 59.1% during the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock valued at $159,000 after acquiring an additional 502 shares during the period. Ffcm LLC raised its holdings in Chevron by 121.1% during the 2nd quarter. Ffcm LLC now owns 1,501 shares of the oil and gas company’s stock valued at $160,000 after acquiring an additional 822 shares during the period. Mountain Capital Investment Advisors Inc bought a new stake in Chevron during the 2nd quarter valued at $160,000. Finally, Intellectus Partners LLC raised its holdings in Chevron by 1.0% during the 2nd quarter. Intellectus Partners LLC now owns 1,557 shares of the oil and gas company’s stock valued at $162,000 after acquiring an additional 15 shares during the period. 64.98% of the stock is owned by institutional investors and hedge funds.
Shares of Chevron stock opened at $114.76 on Friday. The firm has a market cap of $218,685.78, a PE ratio of 31.02, a price-to-earnings-growth ratio of 2.25 and a beta of 1.16. Chevron Co. has a 1-year low of $102.55 and a 1-year high of $133.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.83 and a current ratio of 1.03.
Chevron (NYSE:CVX) last issued 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). The business had revenue of $37.62 billion for the quarter, compared to analysts’ expectations of $38.43 billion. Chevron had a return on equity of 5.22% and a net margin of 6.49%. The company’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 EPS. equities analysts expect that Chevron Co. will post 6.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Friday, February 16th were paid a dividend of $1.12 per share. This is a boost from Chevron’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.90%. Chevron’s payout ratio is 121.08%.
Several research firms have recently weighed in on CVX. Credit Suisse Group began coverage on shares of Chevron in a report on Monday, December 11th. They issued a “neutral” rating and a $123.00 price target on the stock. Jefferies Group reiterated a “buy” rating and issued a $140.00 target price on shares of Chevron in a research report on Wednesday, December 20th. Cowen reiterated an “outperform” rating and issued a $160.00 target price (up from $122.00) on shares of Chevron in a research report on Thursday, December 21st. Royal Bank of Canada set a $110.00 price target on shares of Chevron and gave the company a “sell” rating in a research report on Wednesday, December 20th. Finally, Scotiabank reiterated a “buy” rating and set a $130.00 target price on shares of Chevron in a report on Friday, December 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $129.79.
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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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