Gardiner Nancy B bought a new stake in Chevron Co. (NYSE:CVX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,000 shares of the oil and gas company’s stock, valued at approximately $250,000.
Other large investors have also recently modified their holdings of the company. Pathstone Family Office LLC increased its position in Chevron by 2.5% during the 2nd quarter. Pathstone Family Office LLC now owns 813 shares of the oil and gas company’s stock worth $2,170,000 after purchasing an additional 20 shares in the last quarter. Accurate Investment Solutions Inc. increased 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 worth $159,000 after purchasing an additional 502 shares in the last quarter. Acrospire Investment Management LLC increased 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 worth $146,000 after purchasing an additional 800 shares in the last quarter. Lenox Wealth Advisors Inc. increased its position in Chevron by 15,555.6% during the 4th quarter. Lenox Wealth Advisors Inc. now owns 1,409 shares of the oil and gas company’s stock worth $176,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Ffcm LLC increased 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 worth $160,000 after purchasing an additional 822 shares in the last quarter. Institutional investors own 64.98% of the company’s stock.
CVX has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of Chevron from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. BMO Capital Markets upgraded shares of Chevron from a “market perform” rating to an “outperform” rating and upped their price target for the company from $120.00 to $140.00 in a research report on Thursday, January 11th. Vetr upgraded shares of Chevron from a “buy” rating to a “strong-buy” rating and set a $135.52 price target for the company in a research report on Monday, February 5th. HSBC cut shares of Chevron from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Finally, Bank of America upgraded shares of Chevron from a “neutral” rating to a “buy” rating and upped their price target for the company from $113.61 to $138.00 in a research report on Wednesday, February 28th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $131.02.
NYSE:CVX opened at $122.72 on Thursday. The firm has a market capitalization of $234,082.41, a PE ratio of 30.03, a PEG ratio of 2.39 and a beta of 1.16. Chevron Co. has a 52 week low of $102.55 and a 52 week high of $133.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.83 and a current ratio of 1.03.
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 Thomson Reuters’ consensus estimate of $1.27 by ($0.54). The company 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 firm’s revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 earnings per share. equities research analysts forecast that Chevron Co. will post 6.42 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 11th. Investors of record on Friday, May 18th will be paid a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.65%. Chevron’s dividend payout ratio is presently 121.08%.
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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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