Guyasuta Investment Advisors Inc. Has $3.43 Million Position in Chevron Co. (CVX)

Guyasuta Investment Advisors Inc. lifted its position in Chevron Co. (NYSE:CVX) by 14.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,156 shares of the oil and gas company’s stock after acquiring an additional 3,748 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Chevron were worth $3,426,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Korea Investment CORP increased its stake in Chevron by 5.1% during the 2nd quarter. Korea Investment CORP now owns 1,476,610 shares of the oil and gas company’s stock worth $154,055,000 after purchasing an additional 72,173 shares in the last quarter. Numeric Investors LLC increased its stake in Chevron by 158.4% during the 2nd quarter. Numeric Investors LLC now owns 52,200 shares of the oil and gas company’s stock worth $5,446,000 after purchasing an additional 32,000 shares in the last quarter. Palisade Asset Management LLC increased its stake in Chevron by 20.5% during the 2nd quarter. Palisade Asset Management LLC now owns 109,154 shares of the oil and gas company’s stock worth $11,388,000 after purchasing an additional 18,541 shares in the last quarter. Toronto Dominion Bank increased its stake in Chevron by 24.7% during the 2nd quarter. Toronto Dominion Bank now owns 660,443 shares of the oil and gas company’s stock worth $68,894,000 after purchasing an additional 130,990 shares in the last quarter. Finally, Perpetual Ltd increased its stake in Chevron by 6.8% during the 2nd quarter. Perpetual Ltd now owns 22,012 shares of the oil and gas company’s stock worth $2,297,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 64.06% of the company’s stock.

In other Chevron news, insider Pierre R. Breber sold 23,250 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $116.85, for a total transaction of $2,716,762.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael K. Wirth sold 110,771 shares of the firm’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 sale, the executive vice president now directly owns 110,771 shares of the company’s stock, valued at approximately $12,868,267.07. The disclosure for this sale can be found here. Insiders have sold a total of 287,271 shares of company stock valued at $33,335,800 in the last ninety days. Insiders own 0.38% of the company’s stock.

A number of analysts recently issued reports on CVX shares. Barclays raised Chevron to an “overweight” rating in a research note on Wednesday, October 11th. Wolfe Research raised Chevron from a “market perform” rating to an “outperform” rating in a research note on Monday, October 16th. Vetr cut shares of Chevron from a “buy” rating to a “hold” rating and set a $124.92 price target for the company. in a research note on Monday, October 16th. Macquarie raised shares of Chevron from a “neutral” rating to an “outperform” rating and set a $135.00 price target for the company in a research note on Tuesday, October 17th. Finally, BMO Capital Markets cut shares of Chevron from an “outperform” rating to a “market perform” rating and set a $120.00 price target for the company. in a research note on Wednesday, October 18th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $129.84.

Shares of Chevron Co. (NYSE:CVX) opened at $115.29 on Thursday. The company has a market capitalization of $222,568.64, a P/E ratio of 28.72, a PEG ratio of 2.27 and a beta of 1.15. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. Chevron Co. has a twelve month low of $102.55 and a twelve month high of $133.88.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.73 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.54). The company had revenue of $37.62 billion during the quarter, compared to analyst estimates of $38.43 billion. Chevron had a net margin of 6.49% and a return on equity of 5.23%. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 EPS. analysts forecast that Chevron Co. will post 6.44 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Friday, February 16th will be issued a dividend of $1.12 per share. This is an increase from Chevron’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $4.48 annualized dividend and a yield of 3.89%. Chevron’s dividend payout ratio (DPR) is currently 89.07%.

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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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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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