Squar Milner Financial Services LLC purchased a new position in shares of Chevron Co. (NYSE:CVX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,342 shares of the oil and gas company’s stock, valued at approximately $558,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Castle Rock Wealth Management LLC acquired a new stake in shares of Chevron in the fourth quarter valued at about $3,447,000. First Allied Advisory Services Inc. increased its position in shares of Chevron by 1.9% during the fourth quarter. First Allied Advisory Services Inc. now owns 76,779 shares of the oil and gas company’s stock valued at $9,681,000 after acquiring an additional 1,414 shares during the last quarter. Condor Capital Management increased its position in shares of Chevron by 7.5% during the fourth quarter. Condor Capital Management now owns 12,755 shares of the oil and gas company’s stock valued at $1,597,000 after acquiring an additional 891 shares during the last quarter. GWM Advisors LLC increased its position in shares of Chevron by 7.1% during the fourth quarter. GWM Advisors LLC now owns 34,653 shares of the oil and gas company’s stock valued at $4,454,000 after acquiring an additional 2,311 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of Chevron by 4.1% in the fourth quarter. D.A. Davidson & CO. now owns 135,012 shares of the oil and gas company’s stock valued at $16,902,000 after purchasing an additional 5,319 shares during the period. 64.99% of the stock is currently owned by hedge funds and other institutional investors.
In other Chevron news, CFO Patricia E. Yarrington sold 135,000 shares of the firm’s stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $130.00, for a total transaction of $17,550,000.00. Following the completion of the sale, the chief financial officer now directly owns 139,838 shares in the company, valued at approximately $18,178,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Pierre R. Breber sold 25,000 shares of the firm’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $130.41, for a total value of $3,260,250.00. The disclosure for this sale can be found here. Insiders sold a total of 377,000 shares of company stock valued at $48,519,200 in the last quarter. 0.38% of the stock is currently owned by corporate insiders.
Shares of Chevron opened at $129.46 on Friday, according to MarketBeat.com. The firm has a market cap of $247.49 billion, a PE ratio of 34.99, a price-to-earnings-growth ratio of 2.49 and a beta of 1.14. Chevron Co. has a one year low of $128.31 and a one year high of $129.64. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21.
Chevron (NYSE:CVX) last released its earnings results on Friday, April 27th. The oil and gas company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.45. Chevron had a return on equity of 5.83% and a net margin of 6.95%. The firm had revenue of $37.76 billion for the quarter, compared to analyst estimates of $40.34 billion. During the same period in the previous year, the company earned $1.23 earnings per share. Chevron’s revenue was up 13.0% compared to the same quarter last year. sell-side analysts anticipate that Chevron Co. will post 7.44 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 11th. Investors of record on Friday, May 18th will be given a $1.12 dividend. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.46%. Chevron’s dividend payout ratio (DPR) is 121.08%.
Chevron Company Profile
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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