Accurate Investment Solutions Inc. lifted its holdings in Chevron Corporation (NYSE:CVX) by 59.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,352 shares of the oil and gas company’s stock after acquiring an additional 502 shares during the period. Accurate Investment Solutions Inc.’s holdings in Chevron were worth $159,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. Harbour Capital Advisors LLC increased its position in Chevron by 10,213.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 5,709,042 shares of the oil and gas company’s stock valued at $54,721,000 after purchasing an additional 5,653,686 shares during the period. Vanguard Group Inc. grew its position in shares of Chevron by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 139,626,287 shares of the oil and gas company’s stock worth $14,567,210,000 after buying an additional 3,920,240 shares during the period. Capital World Investors grew its position in shares of Chevron by 9.8% during the 2nd quarter. Capital World Investors now owns 35,546,848 shares of the oil and gas company’s stock worth $3,708,603,000 after buying an additional 3,182,250 shares during the period. Janus Henderson Group PLC grew its position in shares of Chevron by 669.9% during the 2nd quarter. Janus Henderson Group PLC now owns 3,230,554 shares of the oil and gas company’s stock worth $337,050,000 after buying an additional 2,810,928 shares during the period. Finally, BlackRock Inc. grew its position in shares of Chevron by 1.6% during the 2nd quarter. BlackRock Inc. now owns 124,678,992 shares of the oil and gas company’s stock worth $13,007,759,000 after buying an additional 1,975,865 shares during the period. Institutional investors and hedge funds own 63.80% of the company’s stock.
Chevron Corporation (CVX) opened at $125.19 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04. The company has a market capitalization of $238,523.38, a P/E ratio of 36.50, a P/E/G ratio of 3.62 and a beta of 1.21. Chevron Corporation has a twelve month low of $102.55 and a twelve month high of $126.20.
The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 17th were paid a $1.08 dividend. The ex-dividend date was Thursday, November 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.45%. Chevron’s dividend payout ratio is currently 125.95%.
In other news, insider Pierre R. Breber sold 23,250 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $119.00, for a total transaction of $2,766,750.00. Following the transaction, the insider now directly owns 42,182 shares of the company’s stock, valued at $5,019,658. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael K. Wirth sold 110,771 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $116.17, for a total value of $12,868,267.07. Following the transaction, the executive vice president now directly owns 110,771 shares in the company, valued at $12,868,267.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 314,000 shares of company stock worth $36,540,822. Insiders own 0.38% of the company’s stock.
CVX has been the subject of several research reports. UBS Group set a $105.00 price target on shares of Chevron and gave the company a “neutral” rating in a research report on Wednesday, September 6th. Scotiabank restated a “buy” rating on shares of Chevron in a research note on Friday, September 15th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Chevron in a research note on Saturday, September 16th. Cowen restated a “buy” rating and set a $122.00 price objective on shares of Chevron in a research note on Tuesday, September 19th. Finally, Goldman Sachs Group restated a “buy” rating and set a $123.00 price objective (up from $118.00) on shares of Chevron in a research note on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $125.15.
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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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