Columbia Trust Co 01012016 boosted its position in shares of Chevron Co. (NYSE: CVX – Get Rating) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,431 shares of the oil and gas company stock after buying an additional 960 shares during the period. Chevron accounts for about 1.6% of Columbia Trust Co 01012016’s portfolio, making the stock its 10th largest holding. Columbia Trust Co 01012016’s holdings in Chevron were worth $ 3,506,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Chevron by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 32,250,237 shares of the oil and gas company stock valued at $ 3,776,323,000 after purchasing an additional 667,875 shares in the last quarter. Norges Bank purchased a new stake in shares of Chevron in the fourth quarter valued at approximately $ 3,111,594,000. Charles Schwab Investment Management Inc. grew its position in shares of Chevron by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 14,507,398 shares of the oil and gas company stock valued at $ 1,702,446,000 after purchasing an additional 254,353 shares in the last quarter. Invesco Ltd. grew its position in shares of Chevron by 6.8% in the fourth quarter. Invesco Ltd. now owns 14,400,260 shares of the oil and gas company stock valued at $ 1,689,870,000 after purchasing an additional 917,773 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Chevron by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,326,228 shares of the oil and gas company stock valued at $ 977,069,000 after acquiring an additional 346,881 shares during the last quarter. Institutional investors and hedge funds own 65.89% of the company stock.
CVX has been the topic of a number of recent analyst reports. UBS Group upped their price objective on Chevron from $ 150.00 to $ 192.00 and gave the company a “buy” rating in a report on Tuesday, April 5th. Citigroup upped their price target on Chevron from $ 160.00 to $ 170.00 and gave the company a “neutral” rating in a report on Thursday, May 19th. Truist Financial decreased their price objective on Chevron from $ 181.00 to $ 170.00 and set a “hold” rating on the stock in a report on Tuesday. Credit Suisse Group upped their price target on Chevron from $ 190.00 to $ 202.00 and gave the company an “outperform” rating in a report on Thursday, June 9th. Finally, Barclays upped their price target on Chevron from $ 183.00 to $ 196.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company stock. According to data from MarketBeat.com, Chevron currently has an average rating of “Moderate Buy” and an average target price of $ 169.05.
In related news, Director Wanda M. Austin sold 12,039 shares of the stock in a transaction on Friday, May 27th. The stock was sold at an average price of $ 177.29, for a total value of $ 2,134,394.31. Following the transaction, the director now owns 3,543 shares of the company stock, valued at $ 628,138.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark A. Nelson sold 117,400 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $ 159.47, for a total value of $ 18,721,778.00. Following the transaction, the executive vice president now directly owns 788 shares in the company, valued at approximately $ 125,662.36. The disclosure for this sale can be found here. Insiders sold 561,726 shares of company stock worth $ 94,057,396 in the last three months. 0.32% of the stock is currently owned by corporate insiders.
Shares of NYSE CVX opened at $ 149.94 on Wednesday. The stock has a market cap of $ 294.60 billion, a P / E ratio of 14.09, a PEG ratio of 0.63 and a beta of 1.09. The business’s fifty day simple moving average is $ 165.32 and its 200-day simple moving average is $ 150.47. The company has a current ratio of 1.43, a quick ratio of 1.22 and a debt-to-equity ratio of 0.20. Chevron Co. has a 12-month low of $ 92.86 and a 12-month high of $ 182.40.
Chevron (NYSE: CVX – Get Rating) last posted its earnings results on Friday, April 29th. The oil and gas company reported $ 3.36 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 net margin of 11.10% and a return on equity of 14.66%. The business’s quarterly revenue was up 69.8% compared to the same quarter last year. During the same period last year, the company earned $ 0.90 EPS. On average, equities analysts forecast that Chevron Co. will post 17.5 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Thursday, May 19th were issued a $ 1.42 dividend. This represents a $ 5.68 annualized dividend and a yield of 3.79%. The ex-dividend date was Wednesday, May 18th. Chevron’s dividend payout ratio (DPR) is presently 53.38%.
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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