Capital International Sarl Raises Position in Chevron Co. (NYSE:CVX)

Capital International Sarl grew its holdings in shares of Chevron Co. (NYSE:CVX) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,249 shares of the oil and gas company’s stock after purchasing an additional 429 shares during the quarter. Capital International Sarl’s holdings in Chevron were worth $3,043,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Roffman Miller Associates Inc. PA purchased a new position in shares of Chevron in the 4th quarter worth $27,000. CBIZ Investment Advisory Services LLC purchased a new position in shares of Chevron in the 4th quarter worth $33,000. Price Wealth LLC raised its position in shares of Chevron by 105.8% in the 4th quarter. Price Wealth LLC now owns 284 shares of the oil and gas company’s stock worth $34,000 after buying an additional 146 shares during the period. Birch Capital Management LLC purchased a new position in shares of Chevron in the 4th quarter worth $45,000. Finally, Quantum Capital Management purchased a new position in shares of Chevron in the 3rd quarter worth $51,000. 66.85% of the stock is currently owned by institutional investors.

Shares of Chevron stock traded up $5.40 during trading hours on Thursday, hitting $74.67. 10,089,622 shares of the company’s stock traded hands, compared to its average volume of 21,022,450. The stock has a 50 day simple moving average of $93.60 and a 200-day simple moving average of $111.72. The company has a quick ratio of 0.85, a current ratio of 1.07 and a debt-to-equity ratio of 0.16. The company has a market cap of $125.07 billion, a PE ratio of 49.45, a PEG ratio of 13.74 and a beta of 1.04. Chevron Co. has a twelve month low of $51.60 and a twelve month high of $127.34.

Chevron (NYSE:CVX) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.02. The company had revenue of $36.35 billion during the quarter, compared to the consensus estimate of $38.98 billion. Chevron had a return on equity of 8.29% and a net margin of 2.00%. The company’s revenue was down 14.2% on a year-over-year basis. During the same period last year, the firm earned $1.95 earnings per share. As a group, equities research analysts predict that Chevron Co. will post 0.97 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 18th were paid a dividend of $1.29 per share. The ex-dividend date was Friday, February 14th. This is an increase from Chevron’s previous quarterly dividend of $1.19. This represents a $5.16 annualized dividend and a dividend yield of 6.91%. Chevron’s dividend payout ratio (DPR) is currently 82.30%.

Several research analysts recently weighed in on CVX shares. Cowen cut their target price on Chevron from $134.00 to $127.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Bank of America raised Chevron from an “underperform” rating to a “buy” rating in a research report on Monday. Wells Fargo & Co cut their price objective on Chevron from $129.00 to $103.00 and set an “overweight” rating on the stock in a research report on Friday, March 20th. Scotiabank raised Chevron from a “sector perform” rating to a “sector outperform” rating and set a $137.00 price objective on the stock in a research report on Thursday, January 23rd. Finally, Raymond James cut their price objective on Chevron from $125.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 17th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $122.00.

In other news, CEO Michael K. Wirth sold 67,500 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $121.07, for a total transaction of $8,172,225.00. Following the completion of the sale, the chief executive officer now directly owns 33,750 shares in the company, valued at $4,086,112.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Frank bought 400 shares of the stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $104.61 per share, with a total value of $41,844.00. Following the completion of the purchase, the director now directly owns 5,114 shares of the company’s stock, valued at $534,975.54. The disclosure for this purchase can be found here. 0.31% of the stock is owned by company insiders.

About Chevron

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

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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