Stokes & Hubbell Capital Management LLC cut its position in shares of Chevron Co. (NYSE:CVX) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,487 shares of the oil and gas company’s stock after selling 2,285 shares during the period. Chevron accounts for about 3.0% of Stokes & Hubbell Capital Management LLC’s investment portfolio, making the stock its 9th largest position. Stokes & Hubbell Capital Management LLC’s holdings in Chevron were worth $12,455,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Pathstone Family Office LLC raised its stake in shares of Chevron by 2.5% in the 2nd quarter. Pathstone Family Office LLC now owns 813 shares of the oil and gas company’s stock valued at $2,170,000 after acquiring an additional 20 shares in the last quarter. Accurate Investment Solutions Inc. raised its stake in shares of Chevron by 59.1% in the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock valued at $159,000 after acquiring an additional 502 shares in the last quarter. Acrospire Investment Management LLC raised its stake in shares of Chevron by 133.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock valued at $146,000 after acquiring an additional 800 shares in the last quarter. Ffcm LLC raised its stake in shares of Chevron by 121.1% in the 2nd quarter. Ffcm LLC now owns 1,501 shares of the oil and gas company’s stock valued at $160,000 after acquiring an additional 822 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc bought a new position in shares of Chevron in the 2nd quarter valued at approximately $160,000. 64.96% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on the company. Vetr downgraded Chevron from a “buy” rating to a “hold” rating and set a $117.38 price objective on the stock. in a research note on Wednesday. DZ Bank raised Chevron from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Credit Suisse Group cut their price objective on Chevron from $129.00 to $123.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 7th. Bank of America downgraded Chevron from a “buy” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a research note on Thursday, January 4th. They noted that the move was a valuation call. Finally, Societe Generale raised Chevron from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the stock. Chevron has an average rating of “Buy” and an average target price of $129.79.
Shares of Chevron stock opened at $117.04 on Thursday. Chevron Co. has a fifty-two week low of $102.55 and a fifty-two week high of $133.88. The firm has a market capitalization of $218,723.97, a P/E ratio of 24.13, a PEG ratio of 2.25 and a beta of 1.19. The company has a current ratio of 1.03, a quick ratio of 0.83 and a debt-to-equity ratio of 0.22.
Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.54). Chevron had a return on equity of 5.22% and a net margin of 6.49%. The firm had revenue of $37.62 billion for the quarter, compared to analyst estimates of $38.43 billion. During the same period in the previous year, the business posted $0.22 EPS. Chevron’s revenue for the quarter was up 19.4% compared to the same quarter last year. research analysts expect that Chevron Co. will post 6.37 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Friday, February 16th were issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 3.83%. The ex-dividend date was Thursday, February 15th. This is a positive change from Chevron’s previous quarterly dividend of $1.08. Chevron’s dividend payout ratio (DPR) is presently 92.37%.
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Chevron Company Profile
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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