Berkshire Asset Management LLC PA Has $2.08 Million Holdings in Chevron Co. (CVX)

Berkshire Asset Management LLC PA raised its position in shares of Chevron Co. (NYSE:CVX) by 3.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,684 shares of the oil and gas company’s stock after buying an additional 577 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in Chevron were worth $2,078,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Harbour Capital Advisors LLC lifted its position in shares of Chevron by 10,213.3% in the second quarter. Harbour Capital Advisors LLC now owns 5,709,042 shares of the oil and gas company’s stock worth $54,721,000 after purchasing an additional 5,653,686 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Chevron by 2.9% in the second quarter. Vanguard Group Inc. now owns 139,626,287 shares of the oil and gas company’s stock worth $14,567,210,000 after purchasing an additional 3,920,240 shares in the last quarter. Capital World Investors lifted its position in shares of Chevron by 9.8% in the second quarter. Capital World Investors now owns 35,546,848 shares of the oil and gas company’s stock worth $3,708,603,000 after purchasing an additional 3,182,250 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Chevron by 669.9% in the second quarter. Janus Henderson Group PLC now owns 3,230,554 shares of the oil and gas company’s stock worth $337,050,000 after purchasing an additional 2,810,928 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Chevron by 1.6% in the second quarter. BlackRock Inc. now owns 124,678,992 shares of the oil and gas company’s stock worth $13,007,759,000 after purchasing an additional 1,975,865 shares in the last quarter. 63.80% of the stock is owned by institutional investors.

In other Chevron news, CFO Patricia E. Yarrington sold 116,857 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $115.29, for a total transaction of $13,472,443.53. Following the transaction, the chief financial officer now owns 39,506 shares in the company, valued at $4,554,646.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Patricia E. Yarrington sold 13,143 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $115.01, for a total value of $1,511,576.43. Following the transaction, the chief financial officer now owns 17,981 shares in the company, valued at approximately $2,067,994.81. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 314,000 shares of company stock worth $36,540,822. Insiders own 0.38% of the company’s stock.

Chevron Co. (CVX) opened at $128.53 on Tuesday. The firm has a market cap of $244,130.00, a P/E ratio of 37.47, a P/E/G ratio of 2.97 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 Co. has a 52-week low of $102.55 and a 52-week high of $128.94.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.04. The firm had revenue of $36.21 billion for the quarter, compared to analyst estimates of $34.06 billion. Chevron had a net margin of 4.79% and a return on equity of 4.59%. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 earnings per share. equities analysts expect that Chevron Co. will post 4.35 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 17th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend was Thursday, November 16th. Chevron’s payout ratio is presently 125.95%.

A number of analysts have recently issued reports on the stock. Bank of America lowered shares of Chevron from a “buy” rating to a “neutral” rating and set a $125.00 price target for the company. in a research report on Thursday, January 4th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Wednesday, December 27th. Vetr raised shares of Chevron from a “hold” rating to a “buy” rating and set a $134.35 price target for the company in a research report on Tuesday, December 26th. Scotiabank reissued a “buy” rating and issued a $130.00 price target on shares of Chevron in a research report on Friday, December 22nd. Finally, Royal Bank of Canada set a $110.00 price target on shares of Chevron and gave the stock a “sell” rating in a research report on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Chevron presently has an average rating of “Hold” and a consensus price target of $125.15.

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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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