Bogart Wealth LLC grew its holdings in shares of Chevron Co. (NYSE:CVX) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,316 shares of the oil and gas company’s stock after acquiring an additional 542 shares during the quarter. Chevron comprises approximately 1.2% of Bogart Wealth LLC’s holdings, making the stock its 12th largest position. Bogart Wealth LLC’s holdings in Chevron were worth $1,917,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Numeric Investors LLC raised its stake in shares of Chevron by 158.4% in the 2nd quarter. Numeric Investors LLC now owns 52,200 shares of the oil and gas company’s stock worth $5,446,000 after buying an additional 32,000 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Chevron by 24.7% in the 2nd quarter. Toronto Dominion Bank now owns 660,443 shares of the oil and gas company’s stock worth $68,894,000 after buying an additional 130,990 shares in the last quarter. Shell Asset Management Co. raised its stake in shares of Chevron by 41.2% in the 3rd quarter. Shell Asset Management Co. now owns 506,198 shares of the oil and gas company’s stock worth $60,400,000 after buying an additional 147,738 shares in the last quarter. Perpetual Ltd raised its stake in shares of Chevron by 6.8% in the 2nd quarter. Perpetual Ltd now owns 22,012 shares of the oil and gas company’s stock worth $2,297,000 after buying an additional 1,400 shares in the last quarter. Finally, LMR Partners LLP bought a new stake in shares of Chevron in the 2nd quarter worth $4,125,000. Institutional investors own 64.02% of the company’s stock.
A number of brokerages have recently issued reports on CVX. Credit Suisse Group cut their target price on Chevron from $129.00 to $123.00 and set a “neutral” rating on the stock in a research report on Wednesday. DZ Bank raised Chevron from a “hold” rating to a “buy” rating in a research report on Wednesday. Bank of America raised Chevron from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $113.61 to $138.00 in a research report on Wednesday, February 28th. They noted that the move was a valuation call. Vetr lowered Chevron from a “strong-buy” rating to a “buy” rating and set a $122.05 target price on the stock. in a research report on Monday, February 26th. Finally, BNP Paribas raised Chevron from an “underperform” rating to a “neutral” rating in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $130.00.
Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.54). The business had revenue of $37.62 billion for the quarter, compared to analyst estimates of $38.43 billion. Chevron had a net margin of 6.49% and a return on equity of 5.22%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 earnings per share. equities analysts predict that Chevron Co. will post 6.24 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Friday, February 16th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.82%. This is a positive change from Chevron’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Thursday, February 15th. Chevron’s payout ratio is presently 118.52%.
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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