Private Wealth Advisors Inc. raised its position in shares of Chevron Co. (NYSE:CVX) by 13.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,091 shares of the oil and gas company’s stock after buying an additional 2,999 shares during the quarter. Chevron comprises approximately 1.3% of Private Wealth Advisors Inc.’s portfolio, making the stock its 24th biggest position. Private Wealth Advisors Inc.’s holdings in Chevron were worth $3,266,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Dynamic Advisors Solutions LLC lifted its position in Chevron by 89.0% during the fourth quarter. Dynamic Advisors Solutions LLC now owns 35,304 shares of the oil and gas company’s stock valued at $4,420,000 after buying an additional 16,622 shares during the period. Baird Financial Group Inc. raised its position in shares of Chevron by 4.9% in the 4th quarter. Baird Financial Group Inc. now owns 1,217,066 shares of the oil and gas company’s stock worth $152,365,000 after purchasing an additional 57,014 shares during the last quarter. Norinchukin Bank The raised its position in shares of Chevron by 27.0% in the 4th quarter. Norinchukin Bank The now owns 343,137 shares of the oil and gas company’s stock worth $42,957,000 after purchasing an additional 73,024 shares during the last quarter. ARP Americas LP purchased a new position in shares of Chevron in the 4th quarter worth about $978,000. Finally, Ontario Teachers Pension Plan Board raised its position in shares of Chevron by 1.7% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 192,262 shares of the oil and gas company’s stock worth $24,069,000 after purchasing an additional 3,143 shares during the last quarter. 64.99% of the stock is owned by institutional investors and hedge funds.
CVX has been the subject of several recent analyst reports. Vetr lowered Chevron from a “strong-buy” rating to a “buy” rating and set a $122.05 price target for the company. in a research report on Monday, February 26th. Wells Fargo lowered their price target on Chevron from $125.00 to $125.00 and set an “outperform” rating for the company in a research report on Monday, February 5th. Societe Generale raised Chevron from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. HSBC lowered Chevron from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Finally, Morgan Stanley lifted their price target on Chevron from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $131.92.
In other Chevron news, EVP Pierre R. Breber sold 25,000 shares of the business’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $130.41, for a total transaction of $3,260,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP R. Hewitt Pate sold 25,500 shares of the business’s stock in a transaction dated Tuesday, April 17th. The shares were sold at an average price of $121.97, for a total value of $3,110,235.00. Following the sale, the vice president now owns 25,500 shares of the company’s stock, valued at $3,110,235. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 377,000 shares of company stock valued at $48,519,200. Corporate insiders own 0.38% of the company’s stock.
Chevron opened at $129.46 on Friday, according to MarketBeat Ratings. Chevron Co. has a one year low of $128.31 and a one year high of $129.64. The stock has a market capitalization of $247.49 billion, a P/E ratio of 34.99, a price-to-earnings-growth ratio of 2.49 and a beta of 1.14. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.21.
Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, April 27th. The oil and gas company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.45 by $0.45. The company had revenue of $37.76 billion during the quarter, compared to the consensus estimate of $40.34 billion. Chevron had a return on equity of 5.83% and a net margin of 6.95%. Chevron’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the company earned $1.23 EPS. sell-side analysts expect that Chevron Co. will post 7.44 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 11th. Shareholders of record on Friday, May 18th will be paid a dividend of $1.12 per share. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.46%. Chevron’s dividend payout ratio is currently 121.08%.
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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