Steward Partners Investment Advisory LLC grew its stake in Chevron Co. (NYSE:CVX) by 11.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,267 shares of the oil and gas company’s stock after acquiring an additional 6,061 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Chevron were worth $7,169,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acrospire Investment Management LLC grew its holdings in Chevron by 133.3% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 800 shares during the period. Accurate Investment Solutions Inc. grew its holdings in Chevron by 59.1% during the third quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock worth $159,000 after purchasing an additional 502 shares during the period. Ffcm LLC grew its holdings in Chevron by 121.1% during the second quarter. Ffcm LLC now owns 1,501 shares of the oil and gas company’s stock worth $160,000 after purchasing an additional 822 shares during the period. Mountain Capital Investment Advisors Inc bought a new position in Chevron during the second quarter worth about $160,000. Finally, Intellectus Partners LLC grew its holdings in Chevron by 1.0% during the second quarter. Intellectus Partners LLC now owns 1,557 shares of the oil and gas company’s stock worth $162,000 after purchasing an additional 15 shares during the period. Institutional investors own 64.96% of the company’s stock.
Shares of Chevron Co. (NYSE:CVX) opened at $113.70 on Friday. Chevron Co. has a 1-year low of $102.55 and a 1-year high of $133.88. The stock has a market capitalization of $223,576.02, a P/E ratio of 28.69, a PEG ratio of 2.29 and a beta of 1.19. The company has a current ratio of 1.03, a quick ratio of 0.83 and a debt-to-equity ratio of 0.22.
Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.54). Chevron had a net margin of 6.49% and a return on equity of 5.22%. The business had revenue of $37.62 billion during the quarter, compared to analyst estimates of $38.43 billion. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. equities research analysts expect that Chevron Co. will post 6.38 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Friday, February 16th were given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.94%. This is an increase from Chevron’s previous quarterly dividend of $1.08. The ex-dividend date was Thursday, February 15th. Chevron’s payout ratio is presently 92.37%.
A number of research firms recently commented on CVX. Royal Bank of Canada upgraded Chevron from an “underperform” rating to a “sector perform” rating and set a $125.00 price target for the company in a report on Friday, February 9th. Morgan Stanley lifted their price target on Chevron from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Vetr cut Chevron from a “buy” rating to a “hold” rating and set a $134.35 price target for the company. in a report on Thursday, January 11th. Zacks Investment Research cut Chevron from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 17th. Finally, DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have given a buy rating to the company. Chevron presently has an average rating of “Buy” and a consensus target price of $129.79.
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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