Americana Partners LLC Has $40.10 Million Position in Chevron Corporation $CVX

Americana Partners LLC raised its position in Chevron Corporation (NYSE:CVX) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 258,239 shares of the oil and gas company’s stock after purchasing an additional 3,515 shares during the quarter. Chevron accounts for about 1.2% of Americana Partners LLC’s holdings, making the stock its 22nd biggest holding. Americana Partners LLC’s holdings in Chevron were worth $40,102,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Berkshire Hathaway Inc grew its holdings in Chevron by 2.9% during the 2nd quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock worth $17,478,458,000 after acquiring an additional 3,454,258 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Chevron by 4.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 34,772,753 shares of the oil and gas company’s stock worth $4,979,255,000 after purchasing an additional 1,342,723 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Chevron by 1.9% in the second quarter. Fisher Asset Management LLC now owns 20,826,805 shares of the oil and gas company’s stock valued at $2,982,190,000 after purchasing an additional 378,936 shares during the period. Norges Bank acquired a new stake in Chevron in the second quarter valued at $2,721,477,000. Finally, Franklin Resources Inc. raised its position in Chevron by 2.1% during the 2nd quarter. Franklin Resources Inc. now owns 17,764,589 shares of the oil and gas company’s stock worth $2,543,712,000 after purchasing an additional 370,287 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Wall Street Analysts Forecast Growth

CVX has been the topic of a number of analyst reports. Bank of America reduced their price target on Chevron from $183.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. Wall Street Zen cut Chevron from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Freedom Capital lowered shares of Chevron from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 6th. Wells Fargo & Company upped their price objective on shares of Chevron from $190.00 to $196.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Finally, Hsbc Global Res raised Chevron from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $168.27.

Insider Buying and Selling at Chevron

In other news, insider Alana K. Knowles sold 3,200 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $168.00, for a total value of $537,600.00. Following the sale, the insider owned 1,207 shares of the company’s stock, valued at $202,776. The trade was a 72.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John B. Hess sold 275,000 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the sale, the director owned 1,128,045 shares in the company, valued at $170,052,783.75. The trade was a 19.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 635,190 shares of company stock valued at $100,254,408 in the last three months. 0.20% of the stock is owned by company insiders.

Chevron Trading Up 0.1%

NYSE:CVX opened at $166.27 on Tuesday. The firm has a 50-day moving average price of $153.67 and a two-hundred day moving average price of $154.39. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. Chevron Corporation has a 52 week low of $132.04 and a 52 week high of $169.37. The firm has a market cap of $334.79 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 10.29 and a beta of 0.70.

Chevron (NYSE:CVX) last announced its earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.14. The firm had revenue of $48.17 billion during the quarter, compared to analyst estimates of $46.99 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The business’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the firm posted $2.48 EPS. On average, equities analysts expect that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were paid a dividend of $1.71 per share. The ex-dividend date was Tuesday, November 18th. This represents a $6.84 annualized dividend and a dividend yield of 4.1%. Chevron’s dividend payout ratio is presently 96.20%.

Chevron Company Profile

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.