Koshinski Asset Management Inc. grew its holdings in shares of Chevron Co. (NYSE:CVX) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,572 shares of the oil and gas company’s stock after purchasing an additional 1,077 shares during the period. Koshinski Asset Management Inc.’s holdings in Chevron were worth $1,824,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Numeric Investors LLC boosted its position in shares of Chevron by 158.4% during the 2nd quarter. Numeric Investors LLC now owns 52,200 shares of the oil and gas company’s stock worth $5,446,000 after acquiring an additional 32,000 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of Chevron by 24.7% during the 2nd quarter. Toronto Dominion Bank now owns 660,443 shares of the oil and gas company’s stock worth $68,894,000 after acquiring an additional 130,990 shares in the last quarter. Bogart Wealth LLC boosted its position in shares of Chevron by 3.7% during the 4th quarter. Bogart Wealth LLC now owns 15,316 shares of the oil and gas company’s stock worth $1,917,000 after acquiring an additional 542 shares in the last quarter. Shell Asset Management Co. boosted its position in shares of Chevron by 41.2% during 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 acquiring an additional 147,738 shares in the last quarter. Finally, Perpetual Ltd boosted its position in shares of Chevron by 6.8% during the 2nd quarter. Perpetual Ltd now owns 22,012 shares of the oil and gas company’s stock worth $2,297,000 after acquiring an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 65.04% of the company’s stock.
Several research firms recently issued reports on CVX. Royal Bank of Canada upgraded shares of Chevron from an “underperform” rating to a “sector perform” rating and set a $125.00 price target on the stock in a research report on Friday, February 9th. Morgan Stanley increased their price target on shares of Chevron from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Vetr lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $134.35 price target on the stock. in a research report on Thursday, January 11th. Zacks Investment Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research report on Friday, November 17th. Finally, DZ Bank upgraded shares of Chevron from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $130.00.
Shares of Chevron Co. (NYSE:CVX) opened at $115.40 on Friday. Chevron Co. has a 52-week low of $102.55 and a 52-week high of $133.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.03 and a quick ratio of 0.83. The firm has a market cap of $220,787.05, a P/E ratio of 23.79, a price-to-earnings-growth ratio of 2.27 and a beta of 1.19.
Chevron (NYSE:CVX) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.54). Chevron had a net margin of 6.49% and a return on equity of 5.22%. The company had revenue of $37.62 billion during the quarter, compared to analyst estimates of $38.43 billion. During the same quarter in the prior year, the business earned $0.22 EPS. The business’s quarterly revenue was up 19.4% on a year-over-year basis. equities research analysts expect that Chevron Co. will post 6.37 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Friday, February 16th were paid a dividend of $1.12 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $4.48 annualized dividend and a dividend yield of 3.88%. This is an increase from Chevron’s previous quarterly dividend of $1.08. Chevron’s dividend payout ratio (DPR) is presently 92.37%.
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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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