Stifel Financial Corp increased its position in Chevron Co. (NYSE:CVX) by 7,575.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,920,517 shares of the oil and gas company’s stock after purchasing an additional 1,895,497 shares during the quarter. Chevron makes up about 0.8% of Stifel Financial Corp’s portfolio, making the stock its 12th biggest position. Stifel Financial Corp’s holdings in Chevron were worth $225,853,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Shine Investment Advisory Services Inc. bought a new stake in Chevron during the 2nd quarter valued at $106,000. Acrospire Investment Management LLC boosted its position in Chevron by 133.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after acquiring an additional 800 shares in the last quarter. Accurate Investment Solutions Inc. boosted its position in Chevron by 59.1% during the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock valued at $159,000 after acquiring an additional 502 shares in the last quarter. Ffcm LLC boosted its position in Chevron by 121.1% during the 2nd quarter. Ffcm LLC now owns 1,501 shares of the oil and gas company’s stock valued at $160,000 after acquiring an additional 822 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc bought a new stake in Chevron during the 2nd quarter valued at $160,000. 64.10% of the stock is currently owned by institutional investors.
CVX has been the topic of several recent research reports. Royal Bank of Canada set a $110.00 target price on Chevron and gave the company a “sell” rating in a research report on Wednesday, December 20th. Wells Fargo & Co dropped their target price on Chevron from $125.00 to $125.00 and set an “outperform” rating on the stock in a research report on Monday, February 5th. Zacks Investment Research raised Chevron from a “hold” rating to a “buy” rating and set a $129.00 target price on the stock in a research report on Friday, November 17th. Societe Generale raised Chevron from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Bank of America cut Chevron from a “buy” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research report on Thursday, January 4th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $130.30.
Chevron Co. (NYSE:CVX) opened at $112.14 on Monday. The stock has a market capitalization of $212,995.78, a price-to-earnings ratio of 23.12, a P/E/G ratio of 2.20 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84. Chevron Co. has a 52 week low of $102.55 and a 52 week high of $133.88.
Chevron (NYSE:CVX) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 5.23% and a net margin of 6.49%. The business’s revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the business earned $0.22 EPS. analysts forecast that Chevron Co. will post 6.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Friday, February 16th will be paid a $1.12 dividend. This is a positive change from Chevron’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $4.48 dividend on an annualized basis and a yield of 4.00%. Chevron’s dividend payout ratio (DPR) is 92.37%.
In related news, insider Pierre R. Breber sold 23,250 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $119.00, for a total value of $2,766,750.00. Following the completion of the transaction, the insider now owns 42,182 shares in the company, valued at approximately $5,019,658. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Patricia E. Yarrington sold 116,857 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $115.29, for a total value of $13,472,443.53. Following the completion of the transaction, the chief financial officer now owns 39,506 shares of the company’s stock, valued at approximately $4,554,646.74. The disclosure for this sale can be found here. Insiders sold a total of 250,878 shares of company stock valued at $29,107,461 in the last 90 days. 0.38% of the stock is currently owned by company insiders.
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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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