Nicolet Bankshares Inc. lessened its stake in shares of Chevron Co. (NYSE:CVX) by 4.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,603 shares of the oil and gas company’s stock after selling 576 shares during the quarter. Chevron comprises about 0.6% of Nicolet Bankshares Inc.’s holdings, making the stock its 29th biggest holding. Nicolet Bankshares Inc.’s holdings in Chevron were worth $1,437,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of CVX. Koshinski Asset Management Inc. increased its holdings in shares of Chevron by 8.0% in the 4th quarter. Koshinski Asset Management Inc. now owns 14,572 shares of the oil and gas company’s stock valued at $1,824,000 after acquiring an additional 1,077 shares during the period. Bogart Wealth LLC increased its holdings in shares of Chevron by 3.7% in the 4th quarter. Bogart Wealth LLC now owns 15,316 shares of the oil and gas company’s stock valued at $1,917,000 after acquiring an additional 542 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Chevron by 2.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 8,453,505 shares of the oil and gas company’s stock valued at $1,058,082,000 after acquiring an additional 234,920 shares during the period. Berkshire Asset Management LLC PA increased its stake in Chevron by 42.7% in the 4th quarter. Berkshire Asset Management LLC PA now owns 25,234 shares of the oil and gas company’s stock valued at $3,159,000 after buying an additional 7,550 shares during the period. Finally, Goodman Financial Corp increased its stake in Chevron by 1.1% in the 4th quarter. Goodman Financial Corp now owns 44,527 shares of the oil and gas company’s stock valued at $5,574,000 after buying an additional 483 shares during the period. Institutional investors and hedge funds own 64.27% of the company’s stock.
In related news, CFO Patricia E. Yarrington sold 135,000 shares of the business’s stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $130.00, for a total value of $17,550,000.00. Following the sale, the chief financial officer now directly owns 139,838 shares in the company, valued at approximately $18,178,940. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP R. Hewitt Pate sold 25,500 shares of the business’s stock in a transaction dated Tuesday, April 17th. The stock was sold at an average price of $121.97, for a total transaction of $3,110,235.00. Following the completion of the sale, the vice president now owns 25,500 shares in the company, valued at $3,110,235. The disclosure for this sale can be found here. Insiders sold a total of 391,250 shares of company stock worth $50,351,940 over the last quarter. Insiders own 0.38% of the company’s stock.
Chevron opened at $125.66 on Friday, Marketbeat reports. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.04. Chevron Co. has a fifty-two week low of $102.55 and a fifty-two week high of $133.88. The firm has a market cap of $240.69 billion, a PE ratio of 33.96, a P/E/G ratio of 2.11 and a beta of 1.14.
Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, April 27th. The oil and gas company reported $1.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.45. Chevron had a net margin of 6.95% and a return on equity of 5.83%. The business had revenue of $37.76 billion for the quarter, compared to analysts’ expectations of $40.34 billion. During the same period in the prior year, the company posted $1.23 EPS. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. equities research analysts expect that Chevron Co. will post 8.52 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 11th. Investors of record on Friday, May 18th were given a $1.12 dividend. The ex-dividend date was Thursday, May 17th. This represents a $4.48 annualized dividend and a dividend yield of 3.57%. Chevron’s dividend payout ratio is presently 121.08%.
Several equities analysts have issued reports on the stock. Wells Fargo & Co boosted their price objective on shares of Chevron from $138.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, April 12th. They noted that the move was a valuation call. Vetr raised shares of Chevron from a “hold” rating to a “buy” rating and set a $117.38 price objective on the stock in a research note on Wednesday, March 28th. Mizuho assumed coverage on shares of Chevron in a research note on Friday, June 8th. They issued a “buy” rating and a $145.00 price objective on the stock. DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Barclays boosted their price objective on shares of Chevron from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, April 30th. Six investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Chevron presently has a consensus rating of “Buy” and a consensus price target of $135.52.
Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.
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