Chevron Co. (CVX) Shares Bought by Oppenheimer & Co. Inc.

Share on StockTwits

Oppenheimer & Co. Inc. grew its position in shares of Chevron Co. (NYSE:CVX) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 148,384 shares of the oil and gas company’s stock after buying an additional 6,437 shares during the period. Oppenheimer & Co. Inc.’s holdings in Chevron were worth $16,922,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Chevron by 1.9% during the 4th quarter. BlackRock Inc. now owns 128,530,034 shares of the oil and gas company’s stock worth $16,090,676,000 after buying an additional 2,356,734 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Chevron by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 19,836,151 shares of the oil and gas company’s stock worth $2,478,038,000 after buying an additional 655,892 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Chevron by 2.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 8,453,505 shares of the oil and gas company’s stock worth $1,058,082,000 after buying an additional 234,920 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Chevron by 9.1% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,631,817 shares of the oil and gas company’s stock worth $896,738,000 after buying an additional 638,516 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in Chevron by 11.2% during the 4th quarter. UBS Asset Management Americas Inc. now owns 7,253,062 shares of the oil and gas company’s stock worth $908,011,000 after buying an additional 732,739 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

In other news, VP R. Hewitt Pate sold 25,500 shares of Chevron stock in a transaction on Tuesday, April 17th. The stock was sold at an average price of $121.97, for a total transaction of $3,110,235.00. Following the transaction, the vice president now directly owns 25,500 shares in the company, valued at approximately $3,110,235. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider James William Johnson sold 9,500 shares of Chevron stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $129.44, for a total value of $1,229,680.00. Following the transaction, the insider now owns 9,500 shares in the company, valued at $1,229,680. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 391,250 shares of company stock worth $50,351,940. 0.38% of the stock is owned by insiders.

Several analysts recently issued reports on the company. DZ Bank raised Chevron from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Bank of America raised Chevron from a “neutral” rating to a “buy” rating and raised their price target for the stock from $113.61 to $138.00 in a report on Wednesday, February 28th. They noted that the move was a valuation call. Vetr downgraded Chevron from a “strong-buy” rating to a “buy” rating and set a $122.05 price target on the stock. in a report on Monday, February 26th. Piper Jaffray Companies reissued a “buy” rating and issued a $140.00 price target on shares of Chevron in a report on Monday, April 23rd. Finally, ValuEngine raised Chevron from a “hold” rating to a “buy” rating in a report on Wednesday, April 18th. Six research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $135.52.

Shares of Chevron opened at $125.10 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.04. The firm has a market cap of $234.18 billion, a price-to-earnings ratio of 33.81, a price-to-earnings-growth ratio of 2.06 and a beta of 1.14. Chevron Co. has a 1-year low of $102.55 and a 1-year high of $133.88.

Chevron (NYSE:CVX) last announced its earnings results on Friday, April 27th. The oil and gas company reported $1.90 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $40.34 billion. During the same quarter in the previous year, the business earned $1.23 EPS. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. research analysts forecast that Chevron Co. will post 8.52 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 11th. Stockholders of record on Friday, May 18th were given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.58%. The ex-dividend date was Thursday, May 17th. Chevron’s dividend payout ratio (DPR) is presently 121.08%.

About Chevron

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.

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).

Institutional Ownership by Quarter for Chevron (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.

Leave a Reply