Gemmer Asset Management LLC boosted its stake in Chevron Co. (NYSE:CVX) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,886 shares of the oil and gas company’s stock after buying an additional 1,672 shares during the period. Gemmer Asset Management LLC’s holdings in Chevron were worth $1,989,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Oakmont Partners LLC increased its position in Chevron by 37.8% in the fourth quarter. Oakmont Partners LLC now owns 2,893 shares of the oil and gas company’s stock worth $362,000 after buying an additional 793 shares during the period. Oliver Luxxe Assets LLC increased its position in Chevron by 1.9% in the fourth quarter. Oliver Luxxe Assets LLC now owns 33,455 shares of the oil and gas company’s stock worth $4,188,000 after buying an additional 638 shares during the period. Pennsylvania Trust Co increased its holdings in shares of Chevron by 0.5% during the fourth quarter. Pennsylvania Trust Co now owns 222,299 shares of the oil and gas company’s stock valued at $27,834,000 after purchasing an additional 1,183 shares during the period. KCS Wealth Advisory acquired a new position in shares of Chevron during the fourth quarter valued at $253,000. Finally, Starfire Investment Advisers Inc. acquired a new position in shares of Chevron during the fourth quarter valued at $333,000. 65.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Chevron Co. (NYSE:CVX) opened at $116.46 on Wednesday. Chevron Co. has a one year low of $102.55 and a one year high of $133.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.83 and a current ratio of 1.03. The firm has a market capitalization of $223,098.45, a PE ratio of 28.63, a PEG ratio of 2.29 and a beta of 1.19.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Friday, February 16th were paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.85%. This is an increase from Chevron’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Thursday, February 15th. Chevron’s dividend payout ratio (DPR) is presently 92.37%.
A number of research analysts have recently commented on CVX shares. Zacks Investment Research lowered Chevron from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Bank of America set a $125.00 price target on Chevron and gave the company a “buy” rating in a report on Saturday, December 2nd. UBS Group set a $120.00 target price on Chevron and gave the company a “neutral” rating in a research note on Monday, December 4th. Credit Suisse Group initiated coverage on Chevron in a research note on Monday, December 11th. They set a “neutral” rating and a $123.00 target price for the company. Finally, Jefferies Group reaffirmed a “buy” rating and set a $140.00 target price on shares of Chevron in a research note on Wednesday, December 20th. 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. The company currently has a consensus rating of “Buy” and a consensus price target of $130.00.
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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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