LFA Lugano Financial Advisors SA Acquires Shares of 485,960 Chevron Co. (CVX)

LFA Lugano Financial Advisors SA acquired a new stake in Chevron Co. (NYSE:CVX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 485,960 shares of the oil and gas company’s stock, valued at approximately $486,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CVX. Parsons Capital Management Inc. RI raised its stake in Chevron by 8.6% in the first quarter. Parsons Capital Management Inc. RI now owns 95,309 shares of the oil and gas company’s stock valued at $10,869,000 after buying an additional 7,584 shares during the period. Northstar Capital Management LLC boosted its holdings in shares of Chevron by 15.5% during the 1st quarter. Northstar Capital Management LLC now owns 20,421 shares of the oil and gas company’s stock valued at $2,329,000 after acquiring an additional 2,741 shares in the last quarter. Mason Street Advisors LLC boosted its holdings in shares of Chevron by 0.6% during the 1st quarter. Mason Street Advisors LLC now owns 266,094 shares of the oil and gas company’s stock valued at $30,345,000 after acquiring an additional 1,527 shares in the last quarter. Centenus Global Management LP acquired a new stake in shares of Chevron during the 1st quarter valued at $4,562,000. Finally, InterOcean Capital LLC boosted its holdings in shares of Chevron by 7.6% during the 1st quarter. InterOcean Capital LLC now owns 9,642 shares of the oil and gas company’s stock valued at $1,100,000 after acquiring an additional 680 shares in the last quarter. 64.64% of the stock is owned by institutional investors and hedge funds.

Several research firms recently weighed in on CVX. Redburn Partners downgraded Chevron from a “buy” rating to a “neutral” rating and cut their price objective for the company from $130.00 to $115.00 in a report on Wednesday, October 3rd. Goldman Sachs Group raised Chevron from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, October 2nd. Zacks Investment Research raised Chevron from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a report on Monday, October 1st. Royal Bank of Canada set a $150.00 price objective on Chevron and gave the company a “hold” rating in a report on Thursday, September 20th. Finally, Wells Fargo & Co cut their price objective on Chevron from $160.00 to $158.00 and set an “outperform” rating on the stock in a report on Monday, November 5th. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $139.13.

Shares of NYSE:CVX opened at $115.62 on Thursday. The firm has a market cap of $220.64 billion, a P/E ratio of 31.25, a P/E/G ratio of 2.06 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.01. Chevron Co. has a 12-month low of $107.54 and a 12-month high of $133.88.

Chevron (NYSE:CVX) last announced its earnings results on Friday, November 2nd. The oil and gas company reported $2.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.05. The business had revenue of $43.99 billion during the quarter, compared to analyst estimates of $47.17 billion. Chevron had a return on equity of 8.19% and a net margin of 8.79%. Chevron’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the company earned $1.03 EPS. Analysts expect that Chevron Co. will post 8.01 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 10th. Investors of record on Friday, November 16th were given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.87%. The ex-dividend date was Thursday, November 15th. Chevron’s dividend payout ratio is currently 121.08%.

In related news, insider James William Johnson sold 9,500 shares of the firm’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $118.59, for a total transaction of $1,126,605.00. Following the completion of the transaction, the insider now directly owns 9,500 shares of the company’s stock, valued at approximately $1,126,605. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 19,000 shares of company stock valued at $2,270,833. 0.46% of the stock is owned by corporate insiders.

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Chevron Company Profile

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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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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