First Financial Bank Trust Division grew its position in Chevron Co. (NYSE:CVX) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,991 shares of the oil and gas company’s stock after acquiring an additional 2,001 shares during the quarter. First Financial Bank Trust Division’s holdings in Chevron were worth $4,381,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. Pathstone Family Office LLC raised its position in Chevron by 2.5% in the 2nd quarter. Pathstone Family Office LLC now owns 813 shares of the oil and gas company’s stock valued at $2,170,000 after purchasing an additional 20 shares during the last quarter. Accurate Investment Solutions Inc. raised its position in Chevron by 59.1% in 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 purchasing an additional 502 shares during the last quarter. Acrospire Investment Management LLC raised its position in Chevron by 133.3% in 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 purchasing an additional 800 shares during the last quarter. Ffcm LLC raised its position in Chevron by 121.1% in the 2nd quarter. Ffcm LLC now owns 1,501 shares of the oil and gas company’s stock valued at $160,000 after purchasing an additional 822 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc bought a new position in Chevron in the 2nd quarter valued at $160,000. Institutional investors own 65.04% of the company’s stock.
CVX has been the subject of several research analyst reports. Zacks Investment Research downgraded Chevron from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Bank of America set a $125.00 price objective on Chevron and gave the company a “buy” rating in a research report on Saturday, December 2nd. UBS Group set a $120.00 target price on Chevron and gave the company a “neutral” rating in a research note on Monday, December 4th. Credit Suisse Group initiated coverage on Chevron in a research note on Monday, December 11th. They issued a “neutral” rating and a $123.00 target price for the company. Finally, Jefferies Group reissued a “buy” rating and issued a $140.00 target price on shares of Chevron in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $130.00.
Chevron Co. (NYSE:CVX) traded down $1.43 during mid-day trading on Wednesday, reaching $115.03. The company’s stock had a trading volume of 3,422,987 shares, compared to its average volume of 7,379,403. The company has a current ratio of 1.03, a quick ratio of 0.83 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $220,040.00, a price-to-earnings ratio of 30.42, a PEG ratio of 2.29 and a beta of 1.19. Chevron Co. has a 52-week low of $102.55 and a 52-week high of $133.88.
Chevron (NYSE:CVX) last posted 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 business had revenue of $37.62 billion for 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%. The business’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 earnings per share. sell-side analysts expect that Chevron Co. will post 6.37 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Friday, February 16th were issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.89%. This is a positive change from Chevron’s previous quarterly dividend of $1.08. The ex-dividend date was Thursday, February 15th. Chevron’s payout ratio is 118.52%.
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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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