British Airways Pensions Investment Management Ltd decreased its holdings in shares of Chevron Co. (NYSE:CVX) by 68.2% during the 4th quarter, HoldingsChannel reports. The fund owned 182,171 shares of the oil and gas company’s stock after selling 391,105 shares during the period. Chevron makes up about 0.7% of British Airways Pensions Investment Management Ltd’s portfolio, making the stock its 19th biggest holding. British Airways Pensions Investment Management Ltd’s holdings in Chevron were worth $22,811,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the stock. Hudock Capital Group LLC lifted its holdings in shares of Chevron by 2.9% during the 4th quarter. Hudock Capital Group LLC now owns 19,062 shares of the oil and gas company’s stock valued at $2,386,000 after acquiring an additional 546 shares in the last quarter. Ballew Advisors Inc acquired a new position in shares of Chevron during the 4th quarter valued at $220,000. Oxbow Advisors LLC lifted its holdings in shares of Chevron by 2.1% during the 4th quarter. Oxbow Advisors LLC now owns 21,989 shares of the oil and gas company’s stock valued at $2,753,000 after acquiring an additional 462 shares in the last quarter. Tower Bridge Advisors increased its stake in Chevron by 1.8% during the 4th quarter. Tower Bridge Advisors now owns 92,989 shares of the oil and gas company’s stock worth $11,641,000 after buying an additional 1,625 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its stake in Chevron by 0.9% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 130,538 shares of the oil and gas company’s stock worth $16,342,000 after buying an additional 1,212 shares during the period. Institutional investors and hedge funds own 64.98% of the company’s stock.
CVX opened at $114.76 on Monday. The stock has a market capitalization of $219,220.64, a PE ratio of 31.02, a P/E/G ratio of 2.26 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 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 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.54). The company had revenue of $37.62 billion during the quarter, compared to the consensus estimate of $38.43 billion. Chevron had a return on equity of 5.22% and a net margin of 6.49%. Chevron’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 EPS. equities analysts expect that Chevron Co. will post 6.35 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Friday, February 16th were given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis 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 currently 121.08%.
Several research firms recently issued reports on CVX. Vetr raised shares of Chevron from a “hold” rating to a “buy” rating and set a $117.38 price target on the stock in a research note on Tuesday, April 3rd. Credit Suisse Group dropped their price target on shares of Chevron from $129.00 to $123.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 7th. DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Bank of America raised shares of Chevron from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $113.61 to $138.00 in a research note 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the stock. The company has a consensus 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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