Chevron Co. (NYSE:CVX) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board lessened its holdings in shares of Chevron Co. (NYSE:CVXGet Rating) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 321,658 shares of the oil and gas company’s stock after selling 4,520 shares during the quarter. Public Sector Pension Investment Board’s holdings in Chevron were worth $37,747,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CVX. Geode Capital Management LLC raised its holdings in shares of Chevron by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 32,250,237 shares of the oil and gas company’s stock worth $3,776,323,000 after acquiring an additional 667,875 shares during the period. Morgan Stanley raised its holdings in shares of Chevron by 4.3% during the 3rd quarter. Morgan Stanley now owns 24,297,770 shares of the oil and gas company’s stock worth $2,465,009,000 after acquiring an additional 995,353 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Chevron by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 14,507,398 shares of the oil and gas company’s stock worth $1,702,446,000 after acquiring an additional 254,353 shares during the period. Invesco Ltd. raised its holdings in shares of Chevron by 6.8% during the 4th quarter. Invesco Ltd. now owns 14,400,260 shares of the oil and gas company’s stock worth $1,689,870,000 after acquiring an additional 917,773 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Chevron by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,326,228 shares of the oil and gas company’s stock worth $977,069,000 after acquiring an additional 346,881 shares during the period. 65.89% of the stock is currently owned by institutional investors.

Shares of Chevron stock traded down $0.29 during trading hours on Tuesday, hitting $171.43. 151,517 shares of the company were exchanged, compared to its average volume of 15,145,554. Chevron Co. has a 1 year low of $92.86 and a 1 year high of $175.65. The company has a current ratio of 1.43, a quick ratio of 1.22 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average of $165.41 and a 200-day moving average of $141.47. The stock has a market capitalization of $336.83 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 0.85 and a beta of 1.09.

Chevron (NYSE:CVXGet Rating) last released its quarterly earnings data on Friday, April 29th. The oil and gas company reported $3.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.44 by ($0.08). The business had revenue of $54.37 billion during the quarter, compared to analysts’ expectations of $54.96 billion. Chevron had a return on equity of 14.66% and a net margin of 11.10%. The company’s revenue was up 69.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS. As a group, research analysts anticipate that Chevron Co. will post 16.98 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Thursday, May 19th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 3.31%. The ex-dividend date is Wednesday, May 18th. Chevron’s payout ratio is 53.38%.

CVX has been the topic of several research analyst reports. Truist Financial reduced their price objective on shares of Chevron from $186.00 to $181.00 in a report on Monday, May 2nd. Citigroup boosted their price target on shares of Chevron from $160.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, May 19th. Zacks Investment Research lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $189.00 price target on the stock. in a research note on Friday, May 13th. Wells Fargo & Company boosted their price target on shares of Chevron from $150.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday, March 11th. Finally, Morgan Stanley boosted their price objective on Chevron from $166.00 to $188.00 and gave the stock an “equal weight” rating in a research report on Friday, April 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Chevron presently has an average rating of “Buy” and a consensus target price of $168.76.

In other Chevron news, VP Colin E. Parfitt sold 31,000 shares of the company’s stock in a transaction on Friday, February 25th. The stock was sold at an average price of $140.00, for a total value of $4,340,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Enrique Hernandez, Jr. sold 5,805 shares of the company’s stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $160.00, for a total value of $928,800.00. Following the completion of the sale, the director now directly owns 22,978 shares in the company, valued at approximately $3,676,480. The disclosure for this sale can be found here. Insiders sold 427,588 shares of company stock valued at $69,778,535 in the last quarter. 0.32% of the stock is currently owned by company insiders.

Chevron Company Profile (Get Rating)

Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation 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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