Ingalls & Snyder LLC lessened its holdings in Chevron Corporation (NYSE:CVX) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 147,408 shares of the oil and gas company’s stock after selling 1,237 shares during the period. Chevron makes up approximately 0.9% of Ingalls & Snyder LLC’s portfolio, making the stock its 29th largest position. Ingalls & Snyder LLC’s holdings in Chevron were worth $17,320,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of CVX. Pathstone Family Office LLC lifted its position in shares of Chevron by 2.5% during the 2nd quarter. Pathstone Family Office LLC now owns 813 shares of the oil and gas company’s stock worth $2,170,000 after purchasing an additional 20 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in shares of Chevron during the 2nd quarter worth $106,000. Thompson Davis & CO. Inc. lifted its position in shares of Chevron by 20.0% during the 1st quarter. Thompson Davis & CO. Inc. now owns 1,146 shares of the oil and gas company’s stock worth $123,000 after purchasing an additional 191 shares during the last quarter. Winfield Associates Inc. lifted its position in shares of Chevron by 5.1% during the 2nd quarter. Winfield Associates Inc. now owns 1,301 shares of the oil and gas company’s stock worth $136,000 after purchasing an additional 63 shares during the last quarter. Finally, Daiwa SB Investments Ltd. lifted its position in shares of Chevron by 438.5% during the 2nd quarter. Daiwa SB Investments Ltd. now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 1,140 shares during the last quarter. 63.77% of the stock is owned by institutional investors.
Shares of Chevron Corporation (NYSE:CVX) opened at $119.84 on Wednesday. Chevron Corporation has a one year low of $102.55 and a one year high of $122.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04. The company has a market cap of $227,355.05, a price-to-earnings ratio of 33.53, a P/E/G ratio of 3.95 and a beta of 1.21.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were paid a $1.08 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $4.32 dividend on an annualized basis and a yield of 3.60%. Chevron’s dividend payout ratio is presently 125.95%.
Several equities research analysts have recently issued reports on CVX shares. Morgan Stanley lifted their price objective on shares of Chevron from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Barclays lifted their price objective on shares of Chevron from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 10th. Piper Jaffray Companies set a $119.00 price objective on shares of Chevron and gave the stock a “buy” rating in a research report on Friday, August 25th. Scotiabank reaffirmed a “buy” rating on shares of Chevron in a research report on Friday, September 15th. Finally, Jefferies Group set a $130.00 price objective on shares of Chevron and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $121.22.
In other Chevron news, insider Pierre R. Breber sold 23,250 shares of Chevron stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $119.00, for a total value of $2,766,750.00. Following the transaction, the insider now directly owns 42,182 shares in the company, valued at $5,019,658. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP R. Hewitt Pate sold 25,500 shares of Chevron stock in a transaction on Monday, October 16th. The shares were sold at an average price of $120.00, for a total transaction of $3,060,000.00. Following the completion of the transaction, the vice president now owns 25,500 shares in the company, valued at $3,060,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 314,000 shares of company stock worth $36,540,822. 0.38% of the stock is currently owned by company insiders.
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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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