Psagot Value Holdings Ltd. Israel grew its stake in Chevron Co. (NYSE: CVX – Get Rating) by 72.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,433 shares of the oil and gas company stock after acquiring an additional 4,372 shares during the period. Psagot Value Holdings Ltd. Israel’s holdings in Chevron were worth $ 1,224,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cantor Fitzgerald Investment Adviser LP raised its stake in shares of Chevron by 1.4% in the fourth quarter. Cantor Fitzgerald Investment Adviser LP now owns 85,974 shares of the oil and gas company stock worth $ 10,089,000 after acquiring an additional 1,176 shares during the last quarter. Greystone Financial Group LLC raised its stake in shares of Chevron by 9.6% in the fourth quarter. Greystone Financial Group LLC now owns 63,741 shares of the oil and gas company stock worth $ 7,480,000 after acquiring an additional 5,573 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of Chevron by 7.4% in the fourth quarter. Retirement Systems of Alabama now owns 1,479,134 shares of the oil and gas company stock worth $ 173,576,000 after acquiring an additional 102,112 shares during the last quarter. TruWealth Advisors LLC raised its stake in shares of Chevron by 2.8% during the fourth quarter. TruWealth Advisors LLC now owns 175,382 shares of the oil and gas company stock worth $ 20,581,000 after buying an additional 4,697 shares during the last quarter. Finally, Bank of New Hampshire raised its stake in shares of Chevron by 3.4% during the fourth quarter. Bank of New Hampshire now owns 21,090 shares of the oil and gas company stock worth $ 2,475,000 after buying an additional 693 shares during the last quarter. 65.89% of the stock is owned by institutional investors.
Chevron stock opened at $ 148.38 on Friday. The stock has a market capitalization of $ 291.54 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 0.65 and a beta of 1.09. Chevron Co. has a twelve month low of $ 92.86 and a twelve month high of $ 182.40. The company has a quick ratio of 1.22, a current ratio of 1.43 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $ 168.52 and a 200-day moving average of $ 148.95.
Chevron (NYSE: CVX – Get Rating) last released its quarterly earnings results on Friday, April 29th. The oil and gas company reported $ 3.36 earnings per share for the quarter, missing the consensus estimate of $ 3.44 by ($ 0.08). Chevron had a net margin of 11.10% and a return on equity of 14.66%. The company had revenue of $ 54.37 billion during the quarter, compared to analyst estimates of $ 54.96 billion. During the same quarter last year, the company earned $ 0.90 EPS. The firm’s quarterly revenue was up 69.8% compared to the same quarter last year. Equities analysts anticipate 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 dividend of $ 1.42 per share. This represents a $ 5.68 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend was Wednesday, May 18th. Chevron’s payout ratio is 53.38%.
In other Chevron news, Director Enrique Hernandez, Jr. sold 5,805 shares of the company stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $ 160.00, for a total transaction of $ 928,800.00. Following the sale, the director now directly owns 22,978 shares of the company stock, valued at $ 3,676,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark A. Nelson sold 117,400 shares of the company stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $ 159.47, for a total transaction of $ 18,721,778.00. Following the sale, the executive vice president now directly owns 788 shares in the company, valued at $ 125,662.36. The disclosure for this sale can be found here. Insiders have sold 561,726 shares of company stock valued at $ 94,057,396 in the last 90 days. 0.32% of the stock is currently owned by corporate insiders.
CVX has been the subject of a number of recent research reports. BMO Capital Markets boosted their price target on shares of Chevron from $ 140.00 to $ 170.00 in a research note on Wednesday, March 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. Barclays boosted their price target on shares of Chevron from $ 183.00 to $ 196.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 31st. Royal Bank of Canada downgraded shares of Chevron from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $ 160.00 to $ 165.00 in a research note on Thursday, April 21st. Finally, Cowen boosted their price target on shares of Chevron from $ 165.00 to $ 179.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $ 170.48.
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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