Aldebaran Financial Inc. Increases Stake in Chevron Corporation (CVX)

Aldebaran Financial Inc. grew its position in Chevron Corporation (NYSE:CVX) by 8.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,651 shares of the oil and gas company’s stock after purchasing an additional 1,203 shares during the period. Aldebaran Financial Inc.’s holdings in Chevron were worth $1,633,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CVX. Everett Harris & Co. CA increased its holdings in shares of Chevron by 0.4% in the first quarter. Everett Harris & Co. CA now owns 291,943 shares of the oil and gas company’s stock valued at $31,346,000 after purchasing an additional 1,142 shares during the period. Paragon Capital Management Ltd acquired a new stake in Chevron during the first quarter worth about $1,459,000. Nikko Asset Management Americas Inc. grew its holdings in Chevron by 7.9% during the first quarter. Nikko Asset Management Americas Inc. now owns 239,730 shares of the oil and gas company’s stock worth $25,740,000 after acquiring an additional 17,600 shares during the period. BTC Capital Management Inc. grew its holdings in Chevron by 0.6% during the first quarter. BTC Capital Management Inc. now owns 89,852 shares of the oil and gas company’s stock worth $9,647,000 after acquiring an additional 574 shares during the period. Finally, Hennessy Advisors Inc. grew its holdings in Chevron by 15.6% during the first quarter. Hennessy Advisors Inc. now owns 106,975 shares of the oil and gas company’s stock worth $11,486,000 after acquiring an additional 14,425 shares during the period. 63.93% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently commented on CVX. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Chevron in a report on Saturday, September 16th. Credit Suisse Group began coverage on Chevron in a report on Monday, December 11th. They set a “neutral” rating and a $123.00 target price on the stock. Cowen reaffirmed a “buy” rating and set a $122.00 target price on shares of Chevron in a report on Tuesday, September 19th. TheStreet raised Chevron from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Finally, BMO Capital Markets lowered Chevron from an “outperform” rating to a “market perform” rating and set a $120.00 target price on the stock. in a report on Wednesday, October 18th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $121.22.

In other news, CFO Patricia E. Yarrington sold 13,143 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $115.01, for a total value of $1,511,576.43. Following the transaction, the chief financial officer now owns 17,981 shares in the company, valued at $2,067,994.81. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Michael K. Wirth sold 1,229 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $118.00, for a total value of $145,022.00. Following the completion of the transaction, the insider now owns 1,229 shares in the company, valued at approximately $145,022. The disclosure for this sale can be found here. Over the last three months, insiders sold 314,000 shares of company stock worth $36,540,822. 0.38% of the stock is owned by corporate insiders.

Shares of Chevron Corporation (NYSE CVX) opened at $119.73 on Friday. 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 Corporation has a 1-year low of $102.55 and a 1-year high of $122.30. The company has a market capitalization of $227,412.06, a P/E ratio of 33.54, a price-to-earnings-growth ratio of 3.95 and a beta of 1.21.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The company had revenue of $36.21 billion for the quarter, compared to analyst estimates of $34.06 billion. During the same period last year, the company earned $0.68 earnings per share. Chevron’s quarterly revenue was up 20.1% compared to the same quarter last year. equities research analysts anticipate that Chevron Corporation will post 4.33 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.61%. The ex-dividend date was Thursday, November 16th. Chevron’s payout ratio is currently 125.95%.

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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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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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