Huntington Steele LLC reduced its stake in shares of Chevron Corporation (NYSE:CVX) by 10.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 5,419 shares of the oil and gas company’s stock after selling 656 shares during the period. Huntington Steele LLC’s holdings in Chevron were worth $637,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Narwhal Capital Management grew its holdings in shares of Chevron by 29.2% in the third quarter. Narwhal Capital Management now owns 26,050 shares of the oil and gas company’s stock valued at $3,061,000 after acquiring an additional 5,880 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Chevron by 2.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 119,654 shares of the oil and gas company’s stock valued at $14,058,000 after acquiring an additional 2,921 shares in the last quarter. Sabal Trust CO grew its holdings in shares of Chevron by 24.2% in the third quarter. Sabal Trust CO now owns 22,066 shares of the oil and gas company’s stock valued at $2,593,000 after acquiring an additional 4,298 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Chevron in the third quarter valued at approximately $97,784,000. Finally, Balasa Dinverno & Foltz LLC grew its holdings in shares of Chevron by 4.5% in the third quarter. Balasa Dinverno & Foltz LLC now owns 18,138 shares of the oil and gas company’s stock valued at $2,131,000 after acquiring an additional 788 shares in the last quarter. 63.77% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the company. Credit Suisse Group set a $123.00 target price on Chevron and gave the company a “buy” rating in a report on Friday, August 25th. Barclays raised Chevron to an “overweight” rating in a report on Wednesday, October 11th. Vetr lowered Chevron from a “buy” rating to a “hold” rating and set a $124.92 target price for the company. in a report on Monday, October 16th. Zacks Investment Research raised Chevron from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a report on Friday, November 17th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Chevron in a report on Saturday, September 16th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company. Chevron presently has an average rating of “Hold” and a consensus target price of $124.22.
Chevron Corporation (CVX) opened at $124.82 on Friday. Chevron Corporation has a 12 month low of $102.55 and a 12 month high of $125.35. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $229,615.31, a P/E ratio of 33.86, a P/E/G ratio of 3.99 and a beta of 1.21.
Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The business had revenue of $36.21 billion for the quarter, compared to the consensus estimate of $34.06 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. Chevron’s revenue for the quarter was up 20.1% on a year-over-year basis. equities analysts expect that Chevron Corporation will post 4.33 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 17th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $4.32 annualized dividend and a dividend yield of 3.46%. Chevron’s dividend payout ratio is currently 125.95%.
Chevron Company Profile
Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.
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