Public Employees Retirement Association of Colorado Decreases Position in Chevron Co. (NYSE:CVX)

Public Employees Retirement Association of Colorado lessened its holdings in Chevron Co. (NYSE:CVX) by 0.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,427,159 shares of the oil and gas company’s stock after selling 2,046 shares during the period. Chevron makes up approximately 1.0% of Public Employees Retirement Association of Colorado’s portfolio, making the stock its 19th largest position. Public Employees Retirement Association of Colorado owned 0.08% of Chevron worth $169,261,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Murphy Middleton Hinkle & Parker Inc. boosted its holdings in shares of Chevron by 0.6% in the second quarter. Murphy Middleton Hinkle & Parker Inc. now owns 14,149 shares of the oil and gas company’s stock valued at $1,761,000 after acquiring an additional 84 shares in the last quarter. Arlington Financial Advisors LLC increased its position in Chevron by 0.4% during the second quarter. Arlington Financial Advisors LLC now owns 20,221 shares of the oil and gas company’s stock worth $2,516,000 after purchasing an additional 85 shares during the last quarter. Horan Capital Advisors LLC. increased its position in Chevron by 2.6% during the third quarter. Horan Capital Advisors LLC. now owns 3,311 shares of the oil and gas company’s stock worth $393,000 after purchasing an additional 85 shares during the last quarter. Landsberg Bennett & Dubbaneh LLC increased its position in Chevron by 1.7% during the second quarter. Landsberg Bennett & Dubbaneh LLC now owns 5,051 shares of the oil and gas company’s stock worth $631,000 after purchasing an additional 86 shares during the last quarter. Finally, JNBA Financial Advisors increased its position in Chevron by 1.6% during the second quarter. JNBA Financial Advisors now owns 5,604 shares of the oil and gas company’s stock worth $697,000 after purchasing an additional 86 shares during the last quarter. 65.68% of the stock is owned by institutional investors.

CVX has been the subject of several research analyst reports. Cowen dropped their price target on shares of Chevron from $140.00 to $134.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. ValuEngine raised shares of Chevron from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. BMO Capital Markets initiated coverage on shares of Chevron in a research report on Tuesday, August 20th. They set an “outperform” rating and a $165.00 price target for the company. Independent Research set a $127.00 price target on shares of Chevron and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, Morgan Stanley dropped their price objective on shares of Chevron from $144.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $135.88.

Shares of Chevron stock traded down $0.96 during trading hours on Friday, hitting $120.93. The company’s stock had a trading volume of 4,176,056 shares, compared to its average volume of 6,442,372. Chevron Co. has a 1-year low of $100.22 and a 1-year high of $127.34. The business has a fifty day moving average of $117.65 and a 200 day moving average of $119.96. The company has a market capitalization of $231.49 billion, a PE ratio of 14.66, a P/E/G ratio of 3.25 and a beta of 0.99. The company has a quick ratio of 0.91, a current ratio of 1.15 and a debt-to-equity ratio of 0.16.

Chevron (NYSE:CVX) last released its quarterly earnings data 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). Chevron had a return on equity of 8.89% and a net margin of 8.70%. The business had revenue of $36.12 billion during the quarter, compared to analyst estimates of $37.69 billion. During the same period in the previous year, the company earned $2.11 EPS. Chevron’s revenue was down 17.9% on a year-over-year basis. On average, sell-side analysts anticipate that Chevron Co. will post 6.25 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Monday, November 18th will be given a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 3.94%. The ex-dividend date is Friday, November 15th. Chevron’s payout ratio is currently 57.70%.

In other news, EVP Joseph C. Geagea sold 15,000 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $116.98, for a total value of $1,754,700.00. Following the completion of the transaction, the executive vice president now directly owns 6,243 shares in the company, valued at $730,306.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph C. Geagea sold 5,000 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $118.10, for a total transaction of $590,500.00. Following the completion of the transaction, the executive vice president now owns 6,243 shares of the company’s stock, valued at $737,298.30. The disclosure for this sale can be found here. Insiders sold 91,750 shares of company stock valued at $11,216,850 over the last 90 days. Insiders own 0.31% of the company’s stock.

Chevron Profile

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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