Chevron Corporation (CVX) Shares Bought by Swedbank

Swedbank grew its holdings in shares of Chevron Corporation (NYSE:CVX) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,064,300 shares of the oil and gas company’s stock after buying an additional 19,024 shares during the quarter. Swedbank owned 0.06% of Chevron worth $125,055,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. BB&T Corp raised its position in shares of Chevron by 1.4% during the 3rd quarter. BB&T Corp now owns 215,321 shares of the oil and gas company’s stock valued at $25,301,000 after acquiring an additional 3,050 shares in the last quarter. Bartlett & Co. LLC raised its position in shares of Chevron by 1.2% during the 3rd quarter. Bartlett & Co. LLC now owns 372,965 shares of the oil and gas company’s stock valued at $43,823,000 after acquiring an additional 4,246 shares in the last quarter. CAPROCK Group Inc. raised its position in shares of Chevron by 5.4% during the 3rd quarter. CAPROCK Group Inc. now owns 15,222 shares of the oil and gas company’s stock valued at $1,789,000 after acquiring an additional 782 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Chevron by 0.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 134,610 shares of the oil and gas company’s stock valued at $15,817,000 after acquiring an additional 583 shares in the last quarter. Finally, Whittier Trust Co. raised its position in shares of Chevron by 0.4% during the 3rd quarter. Whittier Trust Co. now owns 315,107 shares of the oil and gas company’s stock valued at $37,025,000 after acquiring an additional 1,232 shares in the last quarter. Institutional investors own 63.80% of the company’s stock.

In related news, VP R. Hewitt Pate sold 25,500 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $120.00, for a total transaction of $3,060,000.00. Following the completion of the transaction, the vice president now owns 25,500 shares of the company’s stock, valued at $3,060,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Pierre R. Breber sold 23,250 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $119.00, for a total value of $2,766,750.00. Following the transaction, the insider now directly owns 42,182 shares of the company’s stock, valued at approximately $5,019,658. The disclosure for this sale can be found here. Insiders have sold 314,000 shares of company stock worth $36,540,822 over the last three months. Corporate insiders own 0.38% of the company’s stock.

Several equities research analysts recently issued reports on CVX shares. TheStreet raised Chevron from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Jefferies Group set a $130.00 target price on Chevron and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Bank of America reaffirmed a “buy” rating and issued a $125.00 target price (up from $120.00) on shares of Chevron in a research report on Tuesday, October 3rd. Goldman Sachs Group reaffirmed a “buy” rating and issued a $123.00 target price (up from $118.00) on shares of Chevron in a research report on Tuesday, September 19th. Finally, Cowen reaffirmed a “buy” rating and issued a $122.00 target price on shares of Chevron in a research report on Tuesday, September 19th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $124.22.

Chevron Corporation (NYSE:CVX) opened at $124.98 on Tuesday. The company has a market capitalization of $237,383.75, a price-to-earnings ratio of 36.44, a PEG ratio of 4.12 and a beta of 1.21. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. Chevron Corporation has a fifty-two week low of $102.55 and a fifty-two week high of $125.65.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. The company had revenue of $36.21 billion for the quarter, compared to analyst estimates of $34.06 billion. Chevron had a return on equity of 4.59% and a net margin of 4.79%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. sell-side analysts predict that Chevron Corporation will post 4.33 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 17th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Thursday, November 16th. Chevron’s dividend payout ratio (DPR) is 125.95%.

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About Chevron

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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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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