Curbstone Financial Management Corp Has $2.02 Million Position in Chevron Co. (NYSE:CVX)

Curbstone Financial Management Corp raised its holdings in shares of Chevron Co. (NYSE:CVXFree Report) by 2.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,944 shares of the oil and gas company’s stock after acquiring an additional 340 shares during the period. Curbstone Financial Management Corp’s holdings in Chevron were worth $2,020,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Rational Advisors LLC bought a new position in shares of Chevron during the third quarter worth $29,000. Legacy Investment Solutions LLC bought a new position in Chevron during the third quarter worth about $29,000. Darwin Wealth Management LLC acquired a new position in Chevron in the third quarter valued at about $30,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Chevron in the third quarter worth about $31,000. Finally, Krane Funds Advisors LLC acquired a new stake in shares of Chevron during the third quarter worth about $47,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Trading Down 0.6 %

NYSE CVX opened at $156.24 on Wednesday. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $153.74 and a 200-day moving average of $151.12. The company has a market cap of $280.78 billion, a PE ratio of 17.17, a PEG ratio of 1.37 and a beta of 1.12.

Chevron (NYSE:CVXGet Free Report) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.04. The company had revenue of $50.67 billion during the quarter, compared to the consensus estimate of $48.86 billion. Chevron had a net margin of 8.44% and a return on equity of 13.15%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.05 EPS. On average, equities research analysts anticipate that Chevron Co. will post 10.18 EPS for the current fiscal year.

Chevron Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th were given a $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.17%. Chevron’s payout ratio is 71.65%.

Analyst Ratings Changes

A number of research firms recently issued reports on CVX. UBS Group increased their target price on Chevron from $194.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Barclays increased their price objective on shares of Chevron from $168.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Citigroup raised shares of Chevron from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $145.00 to $185.00 in a research report on Tuesday, November 26th. Piper Sandler lowered their target price on Chevron from $184.00 to $173.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Finally, Scotiabank cut their price target on Chevron from $180.00 to $163.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Chevron presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.27.

View Our Latest Analysis on CVX

Insider Transactions at Chevron

In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the completion of the sale, the chief executive officer now owns 4,280 shares of the company’s stock, valued at $685,356.40. This trade represents a 97.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Chevron Company 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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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