Clear Perspective Advisors LLC lowered its position in shares of Chevron Co. (NYSE:CVX) by 9.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 7,556 shares of the oil and gas company’s stock after selling 820 shares during the quarter. Clear Perspective Advisors LLC’s holdings in Chevron were worth $888,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Pathstone Family Office LLC grew its holdings in shares of Chevron by 2.5% during the 2nd quarter. Pathstone Family Office LLC now owns 813 shares of the oil and gas company’s stock worth $2,170,000 after purchasing an additional 20 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in shares of Chevron during the 2nd quarter worth about $106,000. Accurate Investment Solutions Inc. grew its holdings in shares of Chevron by 59.1% during the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock worth $159,000 after purchasing an additional 502 shares during the period. Acrospire Investment Management LLC grew its holdings in shares of Chevron by 133.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 800 shares during the period. Finally, Ffcm LLC grew its holdings in shares of Chevron by 121.1% during the 2nd quarter. Ffcm LLC now owns 1,501 shares of the oil and gas company’s stock worth $160,000 after purchasing an additional 822 shares during the period. Institutional investors and hedge funds own 64.10% of the company’s stock.
Chevron Co. (CVX) opened at $110.98 on Wednesday. The company has a market capitalization of $212,995.78, a P/E ratio of 27.49, a PEG ratio of 2.20 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.04. Chevron Co. has a one year low of $102.55 and a one year high of $133.88.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Friday, February 16th will be paid a dividend of $1.12 per share. This is a boost from Chevron’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend is Thursday, February 15th. Chevron’s dividend payout ratio is 92.37%.
A number of analysts have recently issued reports on CVX shares. Royal Bank of Canada set a $100.00 target price on Chevron and gave the stock a “sell” rating in a report on Friday, October 27th. Jefferies Group restated a “buy” rating and issued a $137.00 price target (up previously from $113.54) on shares of Chevron in a report on Monday, October 30th. Citigroup upped their price target on Chevron from $118.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Zacks Investment Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $127.00 price target for the company in a report on Tuesday, October 31st. Finally, Bank of America set a $125.00 price target on Chevron and gave the stock a “buy” rating in a report on Saturday, December 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Chevron presently has a consensus rating of “Buy” and a consensus target price of $130.30.
In other news, insider Pierre R. Breber sold 23,250 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $119.00, for a total transaction of $2,766,750.00. Following the completion of the transaction, the insider now directly owns 42,182 shares in the company, valued at approximately $5,019,658. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.38% of the company’s stock.
Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.
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