Integrated Advisors Network LLC cut its position in shares of Chevron Co. (NYSE:CVX - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,279 shares of the oil and gas company's stock after selling 2,501 shares during the quarter. Integrated Advisors Network LLC's holdings in Chevron were worth $9,020,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the company. Allianz SE acquired a new stake in Chevron in the 4th quarter valued at about $9,369,000. Nicholas Company Inc. lifted its holdings in shares of Chevron by 4.3% in the fourth quarter. Nicholas Company Inc. now owns 80,025 shares of the oil and gas company's stock valued at $11,591,000 after purchasing an additional 3,280 shares in the last quarter. Applied Finance Capital Management LLC grew its position in shares of Chevron by 1.6% in the fourth quarter. Applied Finance Capital Management LLC now owns 179,815 shares of the oil and gas company's stock valued at $26,044,000 after purchasing an additional 2,755 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Chevron by 4.5% during the 4th quarter. Cerity Partners LLC now owns 1,205,747 shares of the oil and gas company's stock worth $174,817,000 after purchasing an additional 52,307 shares in the last quarter. Finally, Wedbush Securities Inc. raised its position in shares of Chevron by 6.8% during the 4th quarter. Wedbush Securities Inc. now owns 118,066 shares of the oil and gas company's stock worth $17,101,000 after purchasing an additional 7,557 shares during the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have commented on CVX. Raymond James lowered their target price on Chevron from $180.00 to $175.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. UBS Group reduced their price objective on Chevron from $194.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Hsbc Global Res cut Chevron from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 13th. Redburn Atlantic restated a "sell" rating and issued a $124.00 target price (down from $156.00) on shares of Chevron in a report on Wednesday, April 23rd. Finally, Mizuho decreased their price target on shares of Chevron from $188.00 to $186.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $160.24.
Check Out Our Latest Analysis on Chevron
Chevron Trading Up 0.9%
NYSE:CVX traded up $1.24 during trading hours on Tuesday, reaching $137.78. 8,339,036 shares of the company were exchanged, compared to its average volume of 8,082,749. The firm has a market cap of $240.62 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 1.46 and a beta of 0.83. The stock has a 50 day simple moving average of $144.12 and a 200 day simple moving average of $151.03. Chevron Co. has a 52-week low of $132.04 and a 52-week high of $168.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 0.80.
Chevron (NYSE:CVX - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $2.18 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.03. Chevron had a return on equity of 11.44% and a net margin of 8.71%. The business had revenue of $47.61 billion during the quarter, compared to the consensus estimate of $49.05 billion. During the same period in the prior year, the firm posted $2.93 EPS. The business's revenue for the quarter was down 2.3% on a year-over-year basis. As a group, analysts predict that Chevron Co. will post 10.79 EPS for the current year.
Chevron Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Monday, May 19th will be paid a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 4.96%. The ex-dividend date is Monday, May 19th. Chevron's dividend payout ratio is currently 78.17%.
About Chevron
(
Free Report)
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.
Further Reading
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