Chevron Co. (CVX) Holdings Raised by Northern Capital Management LLC

Northern Capital Management LLC raised its stake in shares of Chevron Co. (NYSE:CVX) by 9.6% in the fourth quarter, Holdings Channel reports. The fund owned 15,065 shares of the oil and gas company’s stock after purchasing an additional 1,325 shares during the period. Northern Capital Management LLC’s holdings in Chevron were worth $1,886,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CVX. Vanguard Group Inc. grew its holdings in shares of Chevron by 2.9% in the second quarter. Vanguard Group Inc. now owns 139,626,287 shares of the oil and gas company’s stock valued at $14,567,210,000 after purchasing an additional 3,920,240 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Chevron by 1.6% in the second quarter. BlackRock Inc. now owns 124,678,992 shares of the oil and gas company’s stock valued at $13,007,759,000 after purchasing an additional 1,975,865 shares in the last quarter. Capital World Investors grew its holdings in shares of Chevron by 9.8% in the second quarter. Capital World Investors now owns 35,546,848 shares of the oil and gas company’s stock valued at $3,708,603,000 after purchasing an additional 3,182,250 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Chevron by 0.6% in the second quarter. Northern Trust Corp now owns 26,153,161 shares of the oil and gas company’s stock valued at $2,728,558,000 after purchasing an additional 157,021 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Chevron by 0.3% in the second quarter. Franklin Resources Inc. now owns 15,609,647 shares of the oil and gas company’s stock valued at $1,628,554,000 after purchasing an additional 49,083 shares in the last quarter. Institutional investors and hedge funds own 64.98% of the company’s stock.

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CVX has been the subject of a number of research reports. Goldman Sachs cut shares of Chevron from a “conviction-buy” rating to a “buy” rating in a report on Monday, February 5th. Credit Suisse Group dropped their price objective on shares of Chevron from $129.00 to $123.00 and set a “neutral” rating for the company in a report on Wednesday, March 7th. Vetr upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $117.38 price objective for the company in a report on Tuesday, April 3rd. HSBC cut shares of Chevron from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Finally, Scotiabank restated a “buy” rating and issued a $130.00 price objective on shares of Chevron in a report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the stock. Chevron currently has a consensus rating of “Buy” and a consensus price target of $129.79.

Shares of Chevron stock opened at $114.76 on Friday. Chevron Co. has a 52-week low of $102.55 and a 52-week 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. The company has a market capitalization of $219,220.64, a P/E ratio of 28.13, a PEG ratio of 2.26 and a beta of 1.16.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.54). The firm had revenue of $37.62 billion during 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 firm’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 EPS. equities research analysts anticipate that Chevron Co. will post 6.35 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Friday, February 16th were given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.90%. The ex-dividend date was Thursday, February 15th. This is an increase from Chevron’s previous quarterly dividend of $1.08. Chevron’s payout ratio is currently 121.08%.

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About Chevron

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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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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