Teachers Advisors LLC Has $551.49 Million Holdings in Chevron Co. (CVX)

Teachers Advisors LLC grew its stake in Chevron Co. (NYSE:CVX) by 0.0% during the third quarter, HoldingsChannel reports. The firm owned 4,510,026 shares of the oil and gas company’s stock after purchasing an additional 115 shares during the period. Chevron makes up approximately 0.7% of Teachers Advisors LLC’s holdings, making the stock its 17th biggest holding. Teachers Advisors LLC’s holdings in Chevron were worth $551,486,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of CVX. Capital International Investors raised its stake in shares of Chevron by 157.4% in the 3rd quarter. Capital International Investors now owns 23,757,783 shares of the oil and gas company’s stock valued at $2,905,102,000 after purchasing an additional 14,528,219 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Chevron by 320.3% in the 3rd quarter. Renaissance Technologies LLC now owns 2,855,084 shares of the oil and gas company’s stock valued at $349,120,000 after purchasing an additional 2,175,800 shares in the last quarter. Vanguard Group Inc raised its stake in Chevron by 1.3% during the third quarter. Vanguard Group Inc now owns 149,871,580 shares of the oil and gas company’s stock worth $18,326,297,000 after acquiring an additional 1,897,503 shares during the period. Vanguard Group Inc. raised its stake in Chevron by 1.3% during the third quarter. Vanguard Group Inc. now owns 149,871,580 shares of the oil and gas company’s stock worth $18,326,297,000 after acquiring an additional 1,897,503 shares during the period. Finally, Millennium Management LLC raised its stake in Chevron by 478.5% during the second quarter. Millennium Management LLC now owns 2,015,778 shares of the oil and gas company’s stock worth $254,855,000 after acquiring an additional 1,667,339 shares during the period. Institutional investors and hedge funds own 64.75% of the company’s stock.

NYSE CVX traded up $0.30 on Friday, hitting $124.90. The stock had a trading volume of 73,847 shares, compared to its average volume of 6,389,892. Chevron Co. has a one year low of $100.22 and a one year high of $131.08. The company has a current ratio of 1.25, a quick ratio of 1.04 and a debt-to-equity ratio of 0.18. The stock has a market cap of $236.75 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 3.75 and a beta of 1.03.

Chevron (NYSE:CVX) last posted its earnings results on Friday, February 1st. The oil and gas company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.87 by $0.08. Chevron had a net margin of 8.91% and a return on equity of 9.78%. The firm had revenue of $42.35 billion during the quarter, compared to analysts’ expectations of $41.46 billion. During the same quarter in the prior year, the firm earned $1.64 EPS. Chevron’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, equities research analysts expect that Chevron Co. will post 6.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 15th were given a $1.19 dividend. This is a boost from Chevron’s previous quarterly dividend of $1.12. The ex-dividend date was Thursday, February 14th. This represents a $4.76 annualized dividend and a yield of 3.81%. Chevron’s dividend payout ratio is 57.70%.

Several equities research analysts recently weighed in on CVX shares. Credit Suisse Group set a $138.00 price objective on shares of Chevron and gave the stock a “buy” rating in a research note on Saturday, December 8th. Tudor Pickering started coverage on shares of Chevron in a research note on Friday, March 1st. They set a “buy” rating and a $133.00 price objective on the stock. Cowen reiterated an “outperform” rating and set a $140.00 price objective (down previously from $160.00) on shares of Chevron in a research note on Thursday, February 28th. Societe Generale dropped their price objective on shares of Chevron from $150.00 to $128.00 and set a “buy” rating on the stock in a research note on Wednesday, December 19th. Finally, Zacks Investment Research upgraded shares of Chevron from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Chevron presently has an average rating of “Buy” and a consensus price target of $134.18.

In other news, insider Jeanette L. Ourada sold 7,200 shares of the stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $116.50, for a total value of $838,800.00. Following the completion of the transaction, the insider now directly owns 7,200 shares in the company, valued at $838,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James William Johnson sold 4,750 shares of the stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $112.20, for a total transaction of $532,950.00. Following the completion of the transaction, the insider now owns 4,750 shares of the company’s stock, valued at $532,950. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by corporate insiders.

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About Chevron

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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