Eagle Asset Management Inc. Has $78.53 Million Position in Chevron Co. (CVX)

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Eagle Asset Management Inc. trimmed its stake in shares of Chevron Co. (NYSE:CVX) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 642,229 shares of the oil and gas company’s stock after selling 6,365 shares during the period. Eagle Asset Management Inc.’s holdings in Chevron were worth $78,531,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Canton Hathaway LLC acquired a new stake in Chevron in the third quarter valued at approximately $141,000. Signature Estate & Investment Advisors LLC acquired a new stake in Chevron in the third quarter valued at approximately $144,000. O Brien Wealth Partners LLC grew its holdings in Chevron by 4,389.3% in the third quarter. O Brien Wealth Partners LLC now owns 1,257 shares of the oil and gas company’s stock valued at $154,000 after purchasing an additional 1,229 shares during the period. Atlantic Trust LLC grew its holdings in Chevron by 54.7% in the second quarter. Atlantic Trust LLC now owns 1,470 shares of the oil and gas company’s stock valued at $186,000 after purchasing an additional 520 shares during the period. Finally, Shine Investment Advisory Services Inc. grew its holdings in Chevron by 45.4% in the second quarter. Shine Investment Advisory Services Inc. now owns 1,479 shares of the oil and gas company’s stock valued at $187,000 after purchasing an additional 462 shares during the period. 67.51% of the stock is currently owned by hedge funds and other institutional investors.

CVX has been the topic of several research analyst reports. Raymond James set a $135.00 price objective on Chevron and gave the company a “buy” rating in a report on Thursday, December 20th. Societe Generale dropped their price objective on Chevron from $150.00 to $128.00 and set a “buy” rating on the stock in a report on Wednesday, December 19th. HSBC lowered Chevron from a “buy” rating to a “hold” rating and dropped their price objective for the company from $136.00 to $122.00 in a report on Monday, January 14th. Royal Bank of Canada reissued a “hold” rating and issued a $130.00 price objective on shares of Chevron in a report on Monday, January 7th. Finally, Zacks Investment Research raised Chevron from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 29th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Chevron currently has an average rating of “Buy” and a consensus price target of $133.20.

In other news, EVP James William Johnson sold 4,750 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $120.92, for a total value of $574,370.00. Following the transaction, the executive vice president now owns 4,750 shares in the company, valued at $574,370. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeanette L. Ourada sold 7,200 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $116.50, for a total value of $838,800.00. Following the completion of the transaction, the insider now owns 7,200 shares in the company, valued at approximately $838,800. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,200 shares of company stock worth $3,072,725. Company insiders own 0.46% of the company’s stock.

NYSE CVX opened at $119.57 on Thursday. The company has a market capitalization of $226.85 billion, a PE ratio of 14.49, a PEG ratio of 4.03 and a beta of 1.02. Chevron Co. has a 1-year low of $100.22 and a 1-year high of $131.08. The company has a current ratio of 1.22, a quick ratio of 1.01 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last released its earnings results on Friday, February 1st. The oil and gas company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.08. The business had revenue of $42.35 billion for the quarter, compared to the consensus estimate of $41.46 billion. Chevron had a return on equity of 9.82% and a net margin of 8.91%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 earnings per share. On average, research analysts predict that Chevron Co. will post 6.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Friday, February 15th will be given a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Thursday, February 14th. This is an increase from Chevron’s previous quarterly dividend of $1.12. Chevron’s dividend payout ratio (DPR) is 54.30%.

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Chevron 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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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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