Culbertson A N & Co. Inc. increased its position in shares of Chevron Co. (NYSE:CVX) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 66,796 shares of the oil and gas company’s stock after buying an additional 1,983 shares during the quarter. Chevron comprises about 2.4% of Culbertson A N & Co. Inc.’s portfolio, making the stock its 11th biggest position. Culbertson A N & Co. Inc.’s holdings in Chevron were worth $8,362,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of CVX. Acrospire Investment Management LLC raised its stake in shares of Chevron by 133.3% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 800 shares during the last quarter. Accurate Investment Solutions Inc. raised its stake in shares of Chevron by 59.1% in the third quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock worth $159,000 after purchasing an additional 502 shares during the last quarter. Ffcm LLC raised its stake in shares of Chevron by 121.1% in the second quarter. Ffcm LLC now owns 1,501 shares of the oil and gas company’s stock worth $160,000 after purchasing an additional 822 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Chevron in the second quarter worth approximately $160,000. Finally, Intellectus Partners LLC raised its stake in shares of Chevron by 1.0% in the second quarter. Intellectus Partners LLC now owns 1,557 shares of the oil and gas company’s stock worth $162,000 after purchasing an additional 15 shares during the last quarter. 64.96% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently commented on the company. Vetr downgraded Chevron from a “buy” rating to a “hold” rating and set a $117.38 price objective for the company. in a research note on Wednesday. Credit Suisse Group reduced their target price on Chevron from $129.00 to $123.00 and set a “neutral” rating for the company in a report on Wednesday, March 7th. DZ Bank raised Chevron from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Bank of America raised Chevron from a “neutral” rating to a “buy” rating and upped their target price for the company from $113.61 to $138.00 in a report on Wednesday, February 28th. They noted that the move was a valuation call. Finally, BNP Paribas raised Chevron from an “underperform” rating to a “neutral” rating in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $129.79.
CVX stock opened at $112.98 on Friday. Chevron Co. has a twelve month low of $102.55 and a twelve month high of $133.88. The firm has a market capitalization of $223,576.02, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 2.29 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 consensus estimate of $1.27 by ($0.54). Chevron had a net margin of 6.49% and a return on equity of 5.22%. The firm had revenue of $37.62 billion for the quarter, compared to the consensus estimate of $38.43 billion. During the same period last year, the company posted $0.22 earnings per share. Chevron’s revenue for the quarter was up 19.4% on a year-over-year basis. equities research analysts predict that Chevron Co. will post 6.38 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Friday, February 16th were issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 3.97%. This is a positive change from Chevron’s previous quarterly dividend of $1.08. The ex-dividend date was Thursday, February 15th. Chevron’s dividend payout ratio is 92.37%.
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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