Clarendon Private LLC Takes $222,000 Position in Chevron Co. (NYSE:CVX)

Clarendon Private LLC acquired a new position in shares of Chevron Co. (NYSE:CVXFree Report) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,533 shares of the oil and gas company’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CVX. Deerfield Management Company L.P. Series C purchased a new position in shares of Chevron in the second quarter worth $244,000. Scientech Research LLC raised its stake in Chevron by 132.3% in the 2nd quarter. Scientech Research LLC now owns 5,003 shares of the oil and gas company’s stock worth $783,000 after acquiring an additional 2,849 shares during the last quarter. Kathmere Capital Management LLC lifted its position in Chevron by 6.4% during the 2nd quarter. Kathmere Capital Management LLC now owns 2,759 shares of the oil and gas company’s stock worth $432,000 after acquiring an additional 167 shares during the period. Creative Planning grew its stake in Chevron by 1.8% during the 2nd quarter. Creative Planning now owns 569,660 shares of the oil and gas company’s stock valued at $89,106,000 after purchasing an additional 10,291 shares during the last quarter. Finally, Copperwynd Financial LLC increased its holdings in shares of Chevron by 15.8% in the second quarter. Copperwynd Financial LLC now owns 5,110 shares of the oil and gas company’s stock valued at $820,000 after purchasing an additional 696 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Insider Buying and Selling at Chevron

In other news, CEO Michael K. Wirth sold 164,600 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $160.13, for a total value of $26,357,398.00. Following the completion of the sale, the chief executive officer now directly owns 4,280 shares in the company, valued at $685,356.40. This represents a 97.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CVX shares. Royal Bank of Canada upped their target price on Chevron from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Bank of America initiated coverage on shares of Chevron in a research note on Thursday, October 17th. They issued a “buy” rating and a $168.00 price objective on the stock. Scotiabank reduced their target price on shares of Chevron from $180.00 to $163.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Raymond James upped their price target on shares of Chevron from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Finally, Wells Fargo & Company lifted their price objective on Chevron from $171.00 to $188.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Chevron presently has an average rating of “Moderate Buy” and a consensus target price of $175.27.

Get Our Latest Research Report on CVX

Chevron Trading Down 0.3 %

Shares of NYSE:CVX opened at $155.62 on Monday. The firm has a market capitalization of $279.66 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.37 and a beta of 1.12. The business’s 50 day moving average price is $153.81 and its 200-day moving average price is $151.14. 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 Co. has a 1 year low of $135.37 and a 1 year high of $167.11.

Chevron (NYSE:CVXGet Free Report) last announced its earnings results on Friday, November 1st. The oil and gas company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.04. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The business had revenue of $50.67 billion for the quarter, compared to analyst estimates of $48.86 billion. During the same quarter last year, the business earned $3.05 earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities research analysts forecast that Chevron Co. will post 10.18 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Monday, November 18th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 4.19%. Chevron’s dividend payout ratio (DPR) is currently 71.65%.

Chevron Company Profile

(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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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