Private Ocean LLC Has $429,000 Holdings in Chevron Co. (NYSE:CVX)

Private Ocean LLC grew its holdings in Chevron Co. (NYSE:CVXFree Report) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,876 shares of the oil and gas company’s stock after buying an additional 188 shares during the period. Private Ocean LLC’s holdings in Chevron were worth $429,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CVX. Bell Bank boosted its holdings in shares of Chevron by 4.8% during the 4th quarter. Bell Bank now owns 5,239 shares of the oil and gas company’s stock worth $781,000 after buying an additional 239 shares during the period. Hofer & Associates. Inc lifted its position in Chevron by 15.3% during the fourth quarter. Hofer & Associates. Inc now owns 1,470 shares of the oil and gas company’s stock worth $219,000 after acquiring an additional 195 shares during the last quarter. Builder Investment Group Inc. ADV boosted its holdings in shares of Chevron by 1.3% during the fourth quarter. Builder Investment Group Inc. ADV now owns 23,912 shares of the oil and gas company’s stock worth $3,567,000 after acquiring an additional 312 shares during the period. Fusion Capital LLC grew its position in shares of Chevron by 90.3% in the fourth quarter. Fusion Capital LLC now owns 5,306 shares of the oil and gas company’s stock valued at $791,000 after purchasing an additional 2,518 shares during the last quarter. Finally, First Citizens Bank & Trust Co. lifted its holdings in Chevron by 185.9% during the 4th quarter. First Citizens Bank & Trust Co. now owns 56,563 shares of the oil and gas company’s stock worth $8,437,000 after purchasing an additional 36,779 shares during the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Scotiabank lowered Chevron from a “sector outperform” rating to a “sector perform” rating and set a $170.00 price objective on the stock. in a report on Tuesday, January 16th. UBS Group lowered their price target on shares of Chevron from $194.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday, December 14th. Mizuho lifted their price objective on shares of Chevron from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. The Goldman Sachs Group restated a “buy” rating on shares of Chevron in a research report on Monday. Finally, TD Cowen downgraded shares of Chevron from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $170.00 to $150.00 in a research report on Tuesday, January 23rd. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.39.

Check Out Our Latest Research Report on CVX

Chevron Trading Up 0.5 %

Shares of CVX opened at $159.82 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.27. Chevron Co. has a 52-week low of $139.62 and a 52-week high of $172.88. The firm has a market cap of $296.83 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 2.42 and a beta of 1.12. The business’s fifty day moving average is $152.56 and its 200-day moving average is $152.41.

Chevron (NYSE:CVXGet Free Report) last released its earnings results on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.26. The firm had revenue of $47.18 billion for the quarter, compared to analysts’ expectations of $50.93 billion. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The business’s revenue for the quarter was down 16.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.09 earnings per share. Equities analysts anticipate that Chevron Co. will post 13.13 EPS for the current fiscal year.

Chevron Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Friday, February 16th were paid a $1.63 dividend. This is an increase from Chevron’s previous quarterly dividend of $1.51. The ex-dividend date was Thursday, February 15th. This represents a $6.52 annualized dividend and a yield of 4.08%. Chevron’s dividend payout ratio is presently 57.39%.

Chevron Profile

(Free Report)

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

See Also

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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