Keeler Thomas Management LLC raised its stake in shares of Chevron Co. (NYSE:CVX) by 3.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 27,045 shares of the oil and gas company’s stock after acquiring an additional 866 shares during the period. Chevron makes up approximately 2.8% of Keeler Thomas Management LLC’s holdings, making the stock its 11th biggest position. Keeler Thomas Management LLC’s holdings in Chevron were worth $3,307,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Smith Asset Management Group LP increased its holdings in shares of Chevron by 6.0% in the second quarter. Smith Asset Management Group LP now owns 140,497 shares of the oil and gas company’s stock valued at $17,758,000 after purchasing an additional 7,954 shares in the last quarter. Nvwm LLC increased its holdings in shares of Chevron by 10.7% in the second quarter. Nvwm LLC now owns 5,155 shares of the oil and gas company’s stock valued at $652,000 after purchasing an additional 498 shares in the last quarter. Fragasso Group Inc. acquired a new stake in shares of Chevron in the second quarter valued at approximately $223,000. Exchange Capital Management Inc. increased its holdings in shares of Chevron by 41.8% in the second quarter. Exchange Capital Management Inc. now owns 9,908 shares of the oil and gas company’s stock valued at $1,253,000 after purchasing an additional 2,920 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in shares of Chevron in the second quarter valued at approximately $222,000. Institutional investors and hedge funds own 67.51% of the company’s stock.
A number of brokerages recently weighed in on CVX. Credit Suisse Group reissued a “buy” rating and issued a $130.00 price target on shares of Chevron in a report on Wednesday, January 23rd. Bank of America reissued a “neutral” rating and issued a $140.00 price target (up previously from $135.00) on shares of Chevron in a report on Monday, November 5th. UBS Group raised shares of Chevron from a “neutral” rating to a “buy” rating and set a $112.95 price target for the company in a report on Friday, January 18th. Wells Fargo & Co lowered their price target on shares of Chevron from $160.00 to $158.00 and set an “outperform” rating for the company in a report on Monday, November 5th. Finally, Zacks Investment Research lowered shares of Chevron from a “hold” rating to a “strong sell” rating in a report on Thursday, January 3rd. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $133.20.
In other news, insider Jeanette L. Ourada sold 7,200 shares of Chevron stock in a transaction on Monday, February 4th. The shares were sold at an average price of $116.50, for a total transaction of $838,800.00. Following the transaction, the insider now directly owns 7,200 shares of the company’s stock, valued at $838,800. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP James William Johnson sold 4,750 shares of Chevron stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $120.92, for a total transaction of $574,370.00. Following the transaction, the executive vice president now directly owns 4,750 shares in the company, valued at $574,370. The disclosure for this sale can be found here. Insiders have sold a total of 26,200 shares of company stock valued at $3,072,725 in the last ninety days. Company insiders own 0.46% of the company’s stock.
CVX opened at $116.95 on Tuesday. 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 52 week low of $100.22 and a 52 week high of $131.08. The firm has a market cap of $223.47 billion, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02.
Chevron (NYSE:CVX) last released its earnings results on Friday, February 1st. The oil and gas company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.08. Chevron had a net margin of 8.91% and a return on equity of 9.82%. The firm had revenue of $42.35 billion during the quarter, compared to analyst estimates of $41.46 billion. During the same quarter in the previous year, the business earned $1.64 EPS. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. Equities analysts expect that Chevron Co. will post 6.63 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Friday, February 15th will be issued a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Thursday, February 14th. This is a positive change from Chevron’s previous quarterly dividend of $1.12. Chevron’s payout ratio is currently 54.30%.
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.
Featured Story: Cost of Capital Explained
Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Co. (NYSE:CVX).
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.