Wade G W & Inc. Has $9.52 Million Stake in Chevron Co. (CVX)

Wade G W & Inc. lessened its position in Chevron Co. (NYSE:CVX) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,005 shares of the oil and gas company’s stock after selling 2,319 shares during the period. Wade G W & Inc.’s holdings in Chevron were worth $9,518,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Valley National Advisers Inc. increased its position in Chevron by 0.4% during the second quarter. Valley National Advisers Inc. now owns 2,612 shares of the oil and gas company’s stock worth $273,000 after purchasing an additional 11 shares during the last quarter. Deschutes Portfolio Strategy LLC increased its position in Chevron by 0.5% during the second quarter. Deschutes Portfolio Strategy LLC now owns 2,889 shares of the oil and gas company’s stock worth $301,000 after purchasing an additional 13 shares during the last quarter. Regis Management CO LLC increased its position in Chevron by 0.4% during the second quarter. Regis Management CO LLC now owns 3,269 shares of the oil and gas company’s stock worth $341,000 after purchasing an additional 14 shares during the last quarter. Keel Point LLC increased its position in Chevron by 0.5% during the second quarter. Keel Point LLC now owns 2,759 shares of the oil and gas company’s stock worth $288,000 after purchasing an additional 14 shares during the last quarter. Finally, FCG Advisors LLC increased its position in Chevron by 0.4% during the second quarter. FCG Advisors LLC now owns 3,907 shares of the oil and gas company’s stock worth $408,000 after purchasing an additional 15 shares during the last quarter. 64.06% of the stock is owned by institutional investors and hedge funds.

In other Chevron news, insider Pierre R. Breber sold 23,250 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $116.85, for a total transaction of $2,716,762.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael K. Wirth sold 110,771 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $116.17, for a total transaction of $12,868,267.07. Following the transaction, the executive vice president now owns 110,771 shares in the company, valued at $12,868,267.07. The disclosure for this sale can be found here. Insiders have sold a total of 287,271 shares of company stock worth $33,335,800 over the last quarter. 0.38% of the stock is currently owned by insiders.

Chevron Co. (NYSE:CVX) opened at $113.50 on Friday. The firm has a market cap of $215,580.00, a price-to-earnings ratio of 23.45, a PEG ratio of 2.23 and a beta of 1.15. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. Chevron Co. has a 52 week low of $102.55 and a 52 week high of $133.88.

Chevron (NYSE:CVX) last announced its 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 firm had revenue of $37.62 billion during the quarter, compared to analysts’ expectations of $38.43 billion. Chevron had a net margin of 8.57% and a return on equity of 8.46%. Chevron’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 earnings per share. analysts anticipate that Chevron Co. will post 6.36 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Friday, February 16th will be paid a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 3.95%. This is an increase from Chevron’s previous quarterly dividend of $1.08. The ex-dividend date is Thursday, February 15th. Chevron’s dividend payout ratio is 89.26%.

Several research firms have recently issued reports on CVX. Vetr lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $134.35 price objective for the company. in a research report on Thursday, January 11th. Credit Suisse Group began coverage on shares of Chevron in a research report on Monday, December 11th. They issued a “neutral” rating and a $123.00 price objective for the company. TheStreet raised shares of Chevron from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Wells Fargo & Co reissued a “market perform” rating on shares of Chevron in a research report on Thursday, October 19th. They noted that the move was a valuation call. Finally, BMO Capital Markets lowered shares of Chevron from an “outperform” rating to a “market perform” rating and set a $120.00 price objective for the company. in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $130.30.

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About Chevron

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.

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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