Gateway Investment Advisers LLC lowered its position in Chevron Co. (NYSE:CVX) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,076,764 shares of the oil and gas company’s stock after selling 34,944 shares during the period. Chevron comprises about 1.1% of Gateway Investment Advisers LLC’s investment portfolio, making the stock its 13th biggest holding. Gateway Investment Advisers LLC owned 0.06% of Chevron worth $134,800,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bogart Wealth LLC lifted its position in Chevron by 3.7% during 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 purchasing an additional 542 shares in the last quarter. Numeric Investors LLC lifted its position in shares of Chevron by 158.4% in the second 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 in the last quarter. Toronto Dominion Bank lifted its position in shares of Chevron by 24.7% in the second 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 in the last quarter. Shell Asset Management Co. lifted its position in shares of Chevron by 41.2% in the third 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 in the last quarter. Finally, Perpetual Ltd lifted its position in shares of Chevron by 6.8% in the second quarter. Perpetual Ltd now owns 22,012 shares of the oil and gas company’s stock valued at $2,297,000 after acquiring an additional 1,400 shares in the last quarter. 64.98% of the stock is owned by institutional investors.
NYSE CVX traded down $2.53 during trading hours on Friday, hitting $114.76. 7,094,466 shares of the company were exchanged, compared to its average volume of 6,380,933. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.03 and a quick ratio of 0.83. Chevron Co. has a 52 week low of $102.55 and a 52 week high of $133.88. The stock has a market capitalization of $219,220.64, a P/E ratio of 31.02, a PEG ratio of 2.26 and a beta of 1.16.
Chevron (NYSE:CVX) last issued its quarterly earnings data 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 return on equity of 5.22% and a net margin of 6.49%. The company had revenue of $37.62 billion for the quarter, compared to the consensus estimate of $38.43 billion. During the same period in the previous year, the firm earned $0.22 earnings per share. The company’s revenue was up 19.4% compared to the same quarter last year. equities research analysts anticipate that Chevron Co. will post 6.35 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Shareholders 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. This represents a $4.48 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend was Thursday, February 15th. Chevron’s payout ratio is presently 121.08%.
Several equities analysts have recently commented on the company. Royal Bank of Canada upgraded Chevron from an “underperform” rating to a “sector perform” rating and set a $125.00 price objective on the stock in a research report on Friday, February 9th. Morgan Stanley boosted their price objective 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 price objective on the stock. 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 issued a hold rating and nineteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $129.79.
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Chevron Company Profile
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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