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apricus wealth LLC decreased its position in shares of Chevron Co. (NYSE:CVX – Get Rating) by 17.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,140 shares of the oil and gas company’s stock after selling 3,644 shares during the period. Chevron comprises approximately 2.4% of apricus wealth LLC’s holdings, making the stock its 13th biggest holding. apricus wealth LLC’s holdings in Chevron were worth $2,463,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wilbanks Smith & Thomas Asset Management LLC increased its stake in Chevron by 6.0% during the 3rd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 85,233 shares of the oil and gas company’s stock worth $12,245,000 after buying an additional 4,807 shares during the period. Bank of The West grew its holdings in Chevron by 0.4% during the 3rd quarter. Bank of The West now owns 85,144 shares of the oil and gas company’s stock worth $12,233,000 after acquiring an additional 322 shares in the last quarter. Stack Financial Management Inc grew its holdings in Chevron by 0.7% during the 3rd quarter. Stack Financial Management Inc now owns 330,525 shares of the oil and gas company’s stock worth $47,487,000 after acquiring an additional 2,248 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Chevron by 52.4% during the 3rd quarter. International Assets Investment Management LLC now owns 14,151 shares of the oil and gas company’s stock worth $2,033,000 after acquiring an additional 4,868 shares in the last quarter. Finally, Green Square Capital Advisors LLC grew its holdings in Chevron by 11.3% during the 3rd quarter. Green Square Capital Advisors LLC now owns 3,358 shares of the oil and gas company’s stock worth $482,000 after acquiring an additional 341 shares in the last quarter. Hedge funds and other institutional investors own 69.37% of the company’s stock.
Insider Buying and Selling
In related news, CFO Pierre R. Breber sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $179.64, for a total value of $4,491,000.00. Following the sale, the chief financial officer now directly owns 8 shares in the company, valued at approximately $1,437.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Pierre R. Breber sold 25,000 shares of Chevron stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $179.64, for a total value of $4,491,000.00. Following the transaction, the chief financial officer now directly owns 8 shares of the company’s stock, valued at $1,437.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP James William Johnson sold 143,466 shares of Chevron stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $179.30, for a total transaction of $25,723,453.80. The disclosure for this sale can be found here. Insiders have sold 293,563 shares of company stock worth $53,186,421 in the last ninety days. 0.32% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. BNP Paribas lowered shares of Chevron from a “neutral” rating to an “underperform” rating and set a $190.00 price objective for the company. in a report on Wednesday, December 14th. Citigroup raised their price objective on shares of Chevron from $155.00 to $180.00 in a report on Tuesday, November 22nd. Morgan Stanley lifted their price target on shares of Chevron from $193.00 to $196.00 and gave the company an “equal weight” rating in a report on Wednesday, October 19th. Bank of America lowered shares of Chevron from a “buy” rating to a “neutral” rating and lifted their price target for the company from $190.00 to $191.00 in a report on Friday, January 6th. Finally, Wells Fargo & Company lifted their price target on shares of Chevron from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, January 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $186.67.
Chevron Stock Up 0.3 %
CVX stock opened at $177.56 on Friday. Chevron Co. has a 52 week low of $122.84 and a 52 week high of $189.68. The company has a market capitalization of $343.34 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18. The firm’s 50-day moving average is $178.08 and its two-hundred day moving average is $164.13. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 0.13.
Chevron (NYSE:CVX – Get Rating) last released its quarterly earnings results on Friday, October 28th. The oil and gas company reported $5.56 EPS for the quarter, topping analysts’ consensus estimates of $5.02 by $0.54. Chevron had a net margin of 14.36% and a return on equity of 22.36%. The company had revenue of $66.64 billion for the quarter, compared to the consensus estimate of $61.44 billion. During the same period in the previous year, the firm earned $2.96 EPS. Chevron’s revenue was up 49.1% on a year-over-year basis. On average, analysts forecast that Chevron Co. will post 19.03 earnings per share for the current fiscal year.
Chevron Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 12th. Investors of record on Friday, November 18th were issued a $1.42 dividend. The ex-dividend date of this dividend was Thursday, November 17th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.20%. Chevron’s payout ratio is currently 32.31%.
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.
Further Reading
- Get a free copy of the StockNews.com research report on Chevron (CVX)
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