Paradigm Financial Advisors LLC Grows Position in Chevron Co. (NYSE:CVX)

Paradigm Financial Advisors LLC boosted its position in shares of Chevron Co. (NYSE:CVXGet Rating) by 3.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,497 shares of the oil and gas company’s stock after acquiring an additional 87 shares during the quarter. Paradigm Financial Advisors LLC’s holdings in Chevron were worth $293,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. F3Logic LLC grew its position in Chevron by 3.4% during the third quarter. F3Logic LLC now owns 32,134 shares of the oil and gas company’s stock worth $3,271,000 after buying an additional 1,048 shares during the period. CastleArk Alternatives LLC bought a new stake in shares of Chevron during the 3rd quarter valued at about $1,834,000. Zacks Investment Management raised its holdings in shares of Chevron by 2.9% during the third quarter. Zacks Investment Management now owns 854,830 shares of the oil and gas company’s stock valued at $86,723,000 after acquiring an additional 24,107 shares during the period. Invesco Ltd. raised its holdings in shares of Chevron by 16.0% during the 3rd quarter. Invesco Ltd. now owns 13,482,487 shares of the oil and gas company’s stock valued at $1,367,797,000 after purchasing an additional 1,859,425 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Chevron by 0.3% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 357,542 shares of the oil and gas company’s stock valued at $36,273,000 after buying an additional 978 shares during the last quarter. Hedge funds and other institutional investors own 65.89% of the company’s stock.

CVX traded up $3.16 during midday trading on Friday, hitting $167.87. 9,229,903 shares of the company traded hands, compared to its average volume of 10,133,212. The business has a 50 day simple moving average of $165.05 and a two-hundred day simple moving average of $138.72. The company has a current ratio of 1.43, a quick ratio of 1.22 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $329.83 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 0.82 and a beta of 1.09. Chevron Co. has a 52-week low of $92.86 and a 52-week high of $174.76.

Chevron (NYSE:CVXGet Rating) last released its quarterly earnings data on Friday, April 29th. The oil and gas company reported $3.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.44 by ($0.08). Chevron had a return on equity of 14.66% and a net margin of 11.10%. The firm had revenue of $54.37 billion for the quarter, compared to analyst estimates of $54.96 billion. During the same quarter in the previous year, the business posted $0.90 earnings per share. Chevron’s revenue for the quarter was up 69.8% on a year-over-year basis. Equities research analysts anticipate that Chevron Co. will post 17.15 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Thursday, May 19th will be given a dividend of $1.42 per share. The ex-dividend date is Wednesday, May 18th. This represents a $5.68 annualized dividend and a dividend yield of 3.38%. Chevron’s dividend payout ratio is presently 53.38%.

In other news, insider David A. Inchausti sold 4,700 shares of the stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $161.09, for a total transaction of $757,123.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Eimear P. Bonner sold 478 shares of the stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $169.21, for a total transaction of $80,882.38. Following the transaction, the vice president now owns 358 shares in the company, valued at $60,577.18. The disclosure for this sale can be found here. Insiders have sold a total of 452,115 shares of company stock valued at $69,708,842 in the last 90 days. Insiders own 0.32% of the company’s stock.

Several equities research analysts have issued reports on the company. BMO Capital Markets increased their price target on Chevron from $140.00 to $170.00 in a report on Wednesday, March 2nd. JPMorgan Chase & Co. cut Chevron from a “neutral” rating to an “underweight” rating and set a $169.00 price objective for the company. in a research report on Friday, March 11th. StockNews.com started coverage on Chevron in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Bank of America raised their price objective on Chevron from $154.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, February 15th. Finally, Raymond James raised their price objective on Chevron from $173.00 to $191.00 and gave the stock an “outperform” rating in a research note on Monday, April 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $165.43.

Chevron Profile (Get Rating)

Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. 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 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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