Neville Rodie & Shaw Inc. decreased its holdings in Chevron Co. (NYSE:CVX) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 86,555 shares of the oil and gas company’s stock after selling 825 shares during the quarter. Chevron makes up 1.1% of Neville Rodie & Shaw Inc.’s portfolio, making the stock its 29th biggest position. Neville Rodie & Shaw Inc.’s holdings in Chevron were worth $10,836,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. Acrospire Investment Management LLC increased its holdings in Chevron by 133.3% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after buying an additional 800 shares during the last quarter. Accurate Investment Solutions Inc. increased its holdings in Chevron by 59.1% in the third quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock valued at $159,000 after buying an additional 502 shares during the last quarter. Ffcm LLC increased its holdings in Chevron by 121.1% in the second quarter. Ffcm LLC now owns 1,501 shares of the oil and gas company’s stock valued at $160,000 after buying an additional 822 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in Chevron in the second quarter valued at about $160,000. Finally, Intellectus Partners LLC grew its holdings in shares of Chevron by 1.0% during the second quarter. Intellectus Partners LLC now owns 1,557 shares of the oil and gas company’s stock valued at $162,000 after purchasing an additional 15 shares during the last quarter. Institutional investors and hedge funds own 64.02% of the company’s stock.
CVX has been the subject of several recent research reports. Goldman Sachs Group lowered Chevron from a “conviction-buy” rating to a “buy” rating in a report on Monday, February 5th. Zacks Investment Research raised Chevron from a “hold” rating to a “buy” rating and set a $131.00 target price for the company in a report on Friday, November 10th. HSBC lowered Chevron from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Credit Suisse Group lowered their target price on Chevron from $130.00 to $129.00 and set a “neutral” rating for the company in a report on Monday, February 5th. Finally, Scotiabank reaffirmed a “buy” rating and set a $130.00 target price on shares of Chevron in a report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $130.28.
Chevron Co. (CVX) opened at $113.65 on Wednesday. Chevron Co. has a fifty-two week low of $102.55 and a fifty-two week high of $133.88. The stock has a market capitalization of $216,145.14, a P/E ratio of 27.73, a P/E/G ratio of 2.25 and a beta of 1.19. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.03 and a quick ratio of 0.83.
Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.54). Chevron had a return on equity of 5.22% and a net margin of 6.49%. The business had revenue of $37.62 billion during the quarter, compared to the consensus estimate of $38.43 billion. During the same period last year, the company earned $0.22 earnings per share. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. analysts anticipate that Chevron Co. will post 6.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Friday, February 16th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 3.94%. This is an increase from Chevron’s previous quarterly dividend of $1.08. The ex-dividend date is Thursday, February 15th. Chevron’s dividend payout ratio is 92.37%.
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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