Ethic Inc. Purchases 11,280 Shares of Chevron Corporation $CVX

Ethic Inc. raised its position in Chevron Corporation (NYSE:CVX) by 40.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 39,062 shares of the oil and gas company’s stock after acquiring an additional 11,280 shares during the period. Ethic Inc.’s holdings in Chevron were worth $6,066,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC boosted its holdings in Chevron by 652,139.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 83,714,936 shares of the oil and gas company’s stock worth $13,214,757,000 after purchasing an additional 83,702,101 shares during the last quarter. Norges Bank acquired a new position in shares of Chevron during the 2nd quarter worth about $2,721,477,000. Laurel Wealth Advisors LLC boosted its stake in shares of Chevron by 14,194.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,722,217 shares of the oil and gas company’s stock worth $532,984,000 after buying an additional 3,696,177 shares during the last quarter. Berkshire Hathaway Inc grew its holdings in shares of Chevron by 2.9% in the 2nd quarter. Berkshire Hathaway Inc now owns 122,064,792 shares of the oil and gas company’s stock valued at $17,478,458,000 after acquiring an additional 3,454,258 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position 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 valued at $4,979,255,000 after acquiring an additional 1,342,723 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insider Buying and Selling at Chevron

In other Chevron news, 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 value of $41,456,250.00. Following the completion of the transaction, the director directly owned 1,128,045 shares in the company, valued at approximately $170,052,783.75. This represents a 19.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. HSBC set a $169.00 price target on Chevron and gave the company a “buy” rating in a research report on Monday, December 1st. Zacks Research raised shares of Chevron from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 23rd. Hsbc Global Res upgraded shares of Chevron from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Raymond James Financial reiterated an “outperform” rating and issued a $160.00 price target (down previously from $170.00) on shares of Chevron in a research note on Friday, October 17th. Finally, UBS Group reissued a “buy” rating on shares of Chevron in a research report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $166.00.

Chevron Stock Up 0.6%

Shares of NYSE:CVX opened at $150.95 on Tuesday. Chevron Corporation has a 52-week low of $132.04 and a 52-week high of $168.96. The company has a market capitalization of $303.93 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 9.00 and a beta of 0.68. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.86 and a current ratio of 1.15. The company has a fifty day moving average of $152.04 and a 200-day moving average of $152.92.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.14. The company had revenue of $48.17 billion for the quarter, compared to the consensus estimate of $46.99 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.Chevron’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the business posted $2.48 EPS. On average, equities analysts predict that Chevron Corporation will post 10.79 EPS 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. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, November 18th. Chevron’s dividend payout ratio (DPR) 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.