Chevron Co. (CVX) Holdings Reduced by Adviser Investments LLC

Adviser Investments LLC trimmed its holdings in shares of Chevron Co. (NYSE:CVX) by 4.9% during the 4th quarter, Holdings Channel reports. The firm owned 10,997 shares of the oil and gas company’s stock after selling 566 shares during the quarter. Adviser Investments LLC’s holdings in Chevron were worth $1,196,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Chevron by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 149,871,580 shares of the oil and gas company’s stock worth $18,326,297,000 after buying an additional 1,897,503 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of Chevron by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 149,871,580 shares of the oil and gas company’s stock worth $18,326,297,000 after buying an additional 1,897,503 shares during the last quarter. Capital International Investors boosted its stake in shares of Chevron by 157.4% in the 3rd quarter. Capital International Investors now owns 23,757,783 shares of the oil and gas company’s stock worth $2,905,102,000 after buying an additional 14,528,219 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Chevron by 2.0% in the 3rd quarter. Legal & General Group Plc now owns 9,104,849 shares of the oil and gas company’s stock worth $1,113,352,000 after buying an additional 179,653 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Chevron by 0.3% in the 3rd quarter. Franklin Resources Inc. now owns 8,753,977 shares of the oil and gas company’s stock worth $1,070,437,000 after buying an additional 23,679 shares during the last quarter. Institutional investors and hedge funds own 66.15% of the company’s stock.

NYSE CVX opened at $117.10 on Monday. The firm has a market cap of $223.04 billion, a P/E ratio of 14.19, a P/E/G ratio of 2.74 and a beta of 1.03. The company has a current ratio of 1.25, a quick ratio of 1.04 and a debt-to-equity ratio of 0.18. Chevron Co. has a fifty-two week low of $100.22 and a fifty-two week high of $131.08.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $1.39 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.13. The business had revenue of $35.20 billion for the quarter, compared to analysts’ expectations of $38.42 billion. Chevron had a return on equity of 9.78% and a net margin of 8.91%. The business’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period last year, the firm earned $1.90 earnings per share. On average, equities research analysts anticipate that Chevron Co. will post 7.11 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be issued a dividend of $1.19 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.76 dividend on an annualized basis and a yield of 4.06%. Chevron’s dividend payout ratio is presently 57.70%.

A number of equities analysts have recently issued reports on the company. Cowen restated a “buy” rating and issued a $142.00 price target on shares of Chevron in a research note on Wednesday, April 17th. Citigroup raised their price target on Chevron from $135.00 to $142.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Bank of America upgraded Chevron from a “neutral” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Friday, April 12th. Morgan Stanley initiated coverage on Chevron in a research report on Friday, April 12th. They set an “overweight” rating and a $150.00 target price on the stock. Finally, Royal Bank of Canada upgraded Chevron to a “sector perform” rating and set a $145.00 target price on the stock in a research report on Wednesday, March 6th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Chevron currently has an average rating of “Buy” and a consensus target price of $136.10.

In other Chevron news, insider James William Johnson sold 4,750 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $125.60, for a total transaction of $596,600.00. Following the sale, the insider now directly owns 4,750 shares of the company’s stock, valued at $596,600. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeanette L. Ourada sold 7,200 shares of the firm’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $116.50, for a total value of $838,800.00. Following the sale, the insider now directly owns 7,200 shares in the company, valued at $838,800. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,700 shares of company stock worth $2,028,390. Insiders own 0.46% of the company’s stock.

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Chevron Profile

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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