Syntal Capital Partners LLC Reduces Holdings in Chevron Co. (NYSE:CVX)

Syntal Capital Partners LLC trimmed its stake in Chevron Co. (NYSE:CVX) by 96.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,885 shares of the oil and gas company’s stock after selling 86,363 shares during the period. Syntal Capital Partners LLC’s holdings in Chevron were worth $347,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Roffman Miller Associates Inc. PA acquired a new stake in Chevron during the 4th quarter worth $27,000. Price Wealth LLC boosted its stake in Chevron by 105.8% during the 4th quarter. Price Wealth LLC now owns 284 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 146 shares during the period. Birch Capital Management LLC acquired a new stake in Chevron during the 4th quarter worth $45,000. Quantum Capital Management acquired a new stake in Chevron during the 3rd quarter worth $51,000. Finally, Lenox Wealth Advisors LLC boosted its stake in Chevron by 54.6% during the 4th quarter. Lenox Wealth Advisors LLC now owns 433 shares of the oil and gas company’s stock worth $52,000 after purchasing an additional 153 shares during the period. 71.64% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CVX stock traded down $2.31 during mid-day trading on Wednesday, hitting $98.40. The stock had a trading volume of 8,250,928 shares, compared to its average volume of 6,480,320. Chevron Co. has a fifty-two week low of $100.00 and a fifty-two week high of $127.34. The firm has a market cap of $196.78 billion, a PE ratio of 65.17, a PEG ratio of 2.47 and a beta of 1.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 0.93. The company’s 50-day simple moving average is $112.02 and its 200-day simple moving average is $116.92.

Chevron (NYSE:CVX) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.02. Chevron had a net margin of 2.00% and a return on equity of 8.14%. The company had revenue of $36.35 billion during the quarter, compared to analysts’ expectations of $38.98 billion. During the same quarter last year, the business earned $1.95 EPS. The business’s revenue was down 14.2% on a year-over-year basis. On average, analysts expect that Chevron Co. will post 7.05 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 18th will be paid a $1.29 dividend. This represents a $5.16 annualized dividend and a dividend yield of 5.24%. The ex-dividend date is Friday, February 14th. This is a boost from Chevron’s previous quarterly dividend of $1.19. Chevron’s dividend payout ratio (DPR) is 82.30%.

In related news, VP Rhonda J. Morris sold 7,800 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $119.68, for a total value of $933,504.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael K. Wirth sold 67,500 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $121.07, for a total transaction of $8,172,225.00. Following the completion of the sale, the chief executive officer now owns 33,750 shares of the company’s stock, valued at approximately $4,086,112.50. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by company insiders.

CVX has been the subject of a number of recent research reports. HSBC reiterated a “neutral” rating and set a $115.00 price target on shares of Chevron in a research note on Wednesday, February 12th. Citigroup cut shares of Chevron from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Bank of America cut shares of Chevron from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 7th. Royal Bank of Canada reiterated a “hold” rating and set a $125.00 price target on shares of Chevron in a research note on Wednesday. Finally, Berenberg Bank reiterated a “hold” rating and set a $128.00 price target on shares of Chevron in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $135.25.

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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