Chevron Co. (NYSE:CVX) Holdings Increased by Graypoint LLC

Graypoint LLC grew its stake in shares of Chevron Co. (NYSE:CVXGet Rating) by 4.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,203 shares of the oil and gas company’s stock after buying an additional 1,777 shares during the quarter. Graypoint LLC’s holdings in Chevron were worth $5,489,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Northern Trust Corp raised its holdings in shares of Chevron by 1.5% in the 2nd quarter. Northern Trust Corp now owns 25,219,717 shares of the oil and gas company’s stock worth $3,651,311,000 after purchasing an additional 371,458 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Chevron by 1.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,697,160 shares of the oil and gas company’s stock worth $2,393,138,000 after purchasing an additional 189,762 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Chevron by 16.3% in the 2nd quarter. Legal & General Group Plc now owns 13,569,692 shares of the oil and gas company’s stock worth $1,964,620,000 after purchasing an additional 1,899,104 shares in the last quarter. FMR LLC raised its holdings in shares of Chevron by 62.3% during the second quarter. FMR LLC now owns 11,343,585 shares of the oil and gas company’s stock valued at $1,642,325,000 after acquiring an additional 4,354,660 shares during the period. Finally, Swiss National Bank raised its holdings in shares of Chevron by 1.2% during the second quarter. Swiss National Bank now owns 8,448,232 shares of the oil and gas company’s stock valued at $1,223,135,000 after acquiring an additional 98,900 shares during the period. 69.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CVX. Citigroup boosted their price target on shares of Chevron from $155.00 to $180.00 in a report on Tuesday, November 22nd. Morgan Stanley boosted their price target on shares of Chevron from $193.00 to $196.00 and gave the company an “equal weight” rating in a report on Wednesday, October 19th. Cowen boosted their price target on shares of Chevron from $160.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, October 31st. Raymond James boosted their price target on shares of Chevron from $188.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, October 31st. Finally, Cowen boosted their price target on shares of Chevron from $160.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, October 31st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $186.67.

Insider Transactions at Chevron

In other news, Director Alice P. Gast sold 2,706 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $179.44, for a total value of $485,564.64. Following the completion of the sale, the director now directly owns 21,964 shares in the company, valued at $3,941,220.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP James William Johnson sold 143,466 shares of the business’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $179.30, for a total value of $25,723,453.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alice P. Gast sold 2,706 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $179.44, for a total transaction of $485,564.64. Following the transaction, the director now owns 21,964 shares of the company’s stock, valued at $3,941,220.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 293,563 shares of company stock worth $53,186,421. 0.32% of the stock is owned by insiders.

Chevron Stock Performance

CVX stock opened at $177.56 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $343.34 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 0.79 and a beta of 1.18. Chevron Co. has a 12 month low of $122.84 and a 12 month high of $189.68. The firm has a 50 day moving average of $178.08 and a two-hundred day moving average of $164.25.

Chevron (NYSE:CVXGet Rating) last posted its earnings results on Friday, October 28th. The oil and gas company reported $5.56 EPS for the quarter, topping the consensus estimate of $5.02 by $0.54. The company had revenue of $66.64 billion during the quarter, compared to the consensus estimate of $61.44 billion. Chevron had a net margin of 14.36% and a return on equity of 22.36%. The company’s revenue for the quarter was up 49.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.96 earnings per share. As a group, equities analysts anticipate that Chevron Co. will post 19.03 EPS for the current fiscal year.

Chevron Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 12th. Stockholders of record on Friday, November 18th were paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Thursday, November 17th. Chevron’s payout ratio is 32.31%.

Chevron Profile

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Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation 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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