Delaney Dennis R increased its position in Chevron Co. (NYSE:CVX) by 30.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,355 shares of the oil and gas company’s stock after buying an additional 2,630 shares during the quarter. Chevron comprises approximately 1.8% of Delaney Dennis R’s holdings, making the stock its 23rd largest position. Delaney Dennis R’s holdings in Chevron were worth $1,347,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. CNB Bank raised its position in Chevron by 3.6% during the third quarter. CNB Bank now owns 17,080 shares of the oil and gas company’s stock valued at $2,026,000 after buying an additional 600 shares during the period. Notis McConarty Edward increased its position in Chevron by 9.8% in the 3rd quarter. Notis McConarty Edward now owns 14,537 shares of the oil and gas company’s stock worth $1,724,000 after purchasing an additional 1,300 shares during the last quarter. Front Barnett Associates LLC increased its position in Chevron by 3.0% in the 3rd quarter. Front Barnett Associates LLC now owns 116,232 shares of the oil and gas company’s stock worth $13,785,000 after purchasing an additional 3,385 shares during the last quarter. Fayerweather Charles increased its position in Chevron by 25.0% in the 3rd quarter. Fayerweather Charles now owns 3,255 shares of the oil and gas company’s stock worth $387,000 after purchasing an additional 650 shares during the last quarter. Finally, Montag A & Associates Inc. increased its position in Chevron by 1.0% in the 3rd quarter. Montag A & Associates Inc. now owns 97,112 shares of the oil and gas company’s stock worth $11,517,000 after purchasing an additional 935 shares during the last quarter. Institutional investors and hedge funds own 65.68% of the company’s stock.
In related news, EVP Joseph C. Geagea sold 5,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $118.10, for a total transaction of $590,500.00. Following the completion of the sale, the executive vice president now owns 6,243 shares in the company, valued at approximately $737,298.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Pierre R. Breber sold 15,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $124.97, for a total value of $1,874,550.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 91,750 shares of company stock valued at $11,216,850. 0.31% of the stock is currently owned by corporate insiders.
Several research analysts have weighed in on CVX shares. BMO Capital Markets started coverage on Chevron in a research report on Tuesday, August 20th. They issued an “outperform” rating and a $165.00 target price on the stock. Morgan Stanley dropped their target price on Chevron from $144.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday. ValuEngine raised Chevron from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Independent Research set a $127.00 target price on Chevron and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. dropped their target price on Chevron from $142.00 to $139.00 and set an “overweight” rating on the stock in a research report on Monday. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $135.88.
Shares of CVX traded down $0.96 during trading hours on Friday, hitting $120.93. 4,223,607 shares of the company were exchanged, compared to its average volume of 6,442,372. The company has a market cap of $231.49 billion, a PE ratio of 14.66, a PEG ratio of 3.25 and a beta of 0.99. The firm’s 50 day moving average is $117.65 and its 200-day moving average is $119.96. Chevron Co. has a 52 week low of $100.22 and a 52 week high of $127.34. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 1.15.
Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.11). The company had revenue of $36.12 billion for the quarter, compared to the consensus estimate of $37.69 billion. Chevron had a return on equity of 8.89% and a net margin of 8.70%. The business’s revenue was down 17.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.11 EPS. As a group, equities analysts forecast that Chevron Co. will post 6.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be paid a dividend of $1.19 per share. The ex-dividend date is Friday, November 15th. This represents a $4.76 annualized dividend and a dividend yield of 3.94%. Chevron’s dividend payout ratio (DPR) is presently 57.70%.
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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