Pennsylvania Trust Co raised its stake in Chevron Co. (NYSE:CVX) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 222,299 shares of the oil and gas company’s stock after purchasing an additional 1,183 shares during the period. Chevron makes up approximately 1.2% of Pennsylvania Trust Co’s holdings, making the stock its 16th biggest position. Pennsylvania Trust Co’s holdings in Chevron were worth $27,834,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the business. Acrospire Investment Management LLC lifted its holdings in shares of Chevron by 133.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after acquiring an additional 800 shares during the period. Accurate Investment Solutions Inc. lifted its holdings in shares of Chevron by 59.1% during the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock worth $159,000 after acquiring an additional 502 shares during the period. Ffcm LLC lifted its holdings in shares of Chevron by 121.1% during the 2nd quarter. Ffcm LLC now owns 1,501 shares of the oil and gas company’s stock worth $160,000 after acquiring an additional 822 shares during the period. Mountain Capital Investment Advisors Inc bought a new position in shares of Chevron during the 2nd quarter worth about $160,000. Finally, Intellectus Partners LLC lifted its holdings in shares of Chevron by 1.0% during the 2nd quarter. Intellectus Partners LLC now owns 1,557 shares of the oil and gas company’s stock worth $162,000 after acquiring an additional 15 shares during the period. 65.04% of the stock is owned by hedge funds and other institutional investors.
Shares of Chevron Co. (NYSE:CVX) opened at $116.79 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.03 and a quick ratio of 0.83. The firm has a market cap of $223,919.86, a PE ratio of 28.73, a price-to-earnings-growth ratio of 2.30 and a beta of 1.19. Chevron Co. has a 1 year low of $102.55 and a 1 year high of $133.88.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Friday, February 16th were given a dividend of $1.12 per share. This is a boost from Chevron’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $4.48 annualized dividend and a dividend yield of 3.84%. Chevron’s payout ratio is currently 92.37%.
Several equities analysts recently issued reports on the stock. DZ Bank raised shares of Chevron from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Credit Suisse Group cut their price target on shares of Chevron from $129.00 to $123.00 and set a “neutral” rating for the company in a report on Wednesday, March 7th. Vetr downgraded shares of Chevron from a “buy” rating to a “hold” rating and set a $134.35 price target for the company. in a report on Thursday, January 11th. Bank of America raised shares of Chevron from a “neutral” rating to a “buy” rating and lifted their price target 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, Societe Generale raised shares of Chevron from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $130.00.
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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