D.A. Davidson & CO. lessened its holdings in shares of Chevron Co. (NYSE:CVX) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,693 shares of the oil and gas company’s stock after selling 2,271 shares during the period. D.A. Davidson & CO.’s holdings in Chevron were worth $15,238,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Jacobs & Co. CA grew its holdings in shares of Chevron by 2.8% during the 2nd quarter. Jacobs & Co. CA now owns 79,965 shares of the oil and gas company’s stock worth $8,342,000 after acquiring an additional 2,179 shares during the period. Buffington Mohr McNeal grew its holdings in shares of Chevron by 18.5% during the 2nd quarter. Buffington Mohr McNeal now owns 19,491 shares of the oil and gas company’s stock worth $2,033,000 after acquiring an additional 3,045 shares during the period. Woodstock Corp grew its holdings in shares of Chevron by 16.6% during the 2nd quarter. Woodstock Corp now owns 6,866 shares of the oil and gas company’s stock worth $716,000 after acquiring an additional 980 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in shares of Chevron by 1.3% during the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 50,147 shares of the oil and gas company’s stock worth $5,232,000 after acquiring an additional 661 shares during the period. Finally, Mn Services Vermogensbeheer B.V. grew its holdings in shares of Chevron by 515.4% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 310,484 shares of the oil and gas company’s stock worth $32,393,000 after acquiring an additional 260,030 shares during the period. Institutional investors own 64.06% of the company’s stock.
A number of research analysts have weighed in on CVX shares. Morgan Stanley upped their target price on Chevron from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Citigroup upped their target price on Chevron from $118.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Zacks Investment Research downgraded Chevron from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Wolfe Research raised Chevron from a “market perform” rating to an “outperform” rating in a research report on Monday, October 16th. Finally, Vetr raised Chevron from a “hold” rating to a “buy” rating and set a $134.35 price target on the stock in a research report on Tuesday, December 26th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Chevron has an average rating of “Buy” and an average target price of $129.61.
Chevron Co. (NYSE CVX) opened at $112.62 on Tuesday. The stock has a market capitalization of $225,227.77, a P/E ratio of 29.06, a P/E/G ratio of 2.29 and a beta of 1.15. Chevron Co. has a 12-month low of $102.55 and a 12-month high of $133.88. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 0.84.
Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.54). The business had revenue of $37.62 billion during the quarter, compared to the consensus estimate of $38.43 billion. Chevron had a net margin of 6.49% and a return on equity of 5.23%. The business’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the company posted $0.22 earnings per share. equities analysts anticipate that Chevron Co. will post 6.47 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Friday, February 16th will be given a $1.12 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This is a boost from Chevron’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a yield of 3.98%. Chevron’s dividend payout ratio is 89.07%.
In other news, CFO Patricia E. Yarrington sold 13,143 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $115.01, for a total transaction of $1,511,576.43. Following the transaction, the chief financial officer now directly owns 17,981 shares of the company’s stock, valued at approximately $2,067,994.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Pierre R. Breber sold 23,250 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $116.85, for a total value of $2,716,762.50. The disclosure for this sale can be found here. Insiders sold a total of 287,271 shares of company stock worth $33,335,800 over the last ninety days. 0.38% of the stock is currently owned by insiders.
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Chevron Company Profile
Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.
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