Wsfs Capital Management LLC Has $2 Million Position in Chevron Co. (NYSE:CVX)

Wsfs Capital Management LLC boosted its holdings in Chevron Co. (NYSE:CVXGet Rating) by 2.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,925 shares of the oil and gas company’s stock after acquiring an additional 370 shares during the quarter. Chevron accounts for about 0.7% of Wsfs Capital Management LLC’s holdings, making the stock its 28th biggest position. Wsfs Capital Management LLC’s holdings in Chevron were worth $2,001,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Northern Trust Corp boosted its holdings in Chevron by 1.5% during the 2nd quarter. Northern Trust Corp now owns 25,219,717 shares of the oil and gas company’s stock worth $3,651,311,000 after acquiring an additional 371,458 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Chevron by 1.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,697,160 shares of the oil and gas company’s stock worth $2,393,138,000 after acquiring an additional 189,762 shares during the last quarter. Legal & General Group Plc boosted its holdings in Chevron by 16.3% during the 2nd quarter. Legal & General Group Plc now owns 13,569,692 shares of the oil and gas company’s stock worth $1,964,620,000 after acquiring an additional 1,899,104 shares during the last quarter. FMR LLC boosted its holdings in Chevron by 62.3% during the 2nd quarter. FMR LLC now owns 11,343,585 shares of the oil and gas company’s stock worth $1,642,325,000 after acquiring an additional 4,354,660 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Chevron by 1.2% during the 2nd quarter. Swiss National Bank now owns 8,448,232 shares of the oil and gas company’s stock worth $1,223,135,000 after acquiring an additional 98,900 shares during the last quarter. Institutional investors and hedge funds own 69.37% of the company’s stock.

Insider Buying and Selling at Chevron

In other news, CEO Michael K. Wirth sold 55,380 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $185.09, for a total transaction of $10,250,284.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP R. Hewitt Pate sold 32,391 shares of the business’s stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $180.00, for a total transaction of $5,830,380.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael K. Wirth sold 55,380 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $185.09, for a total value of $10,250,284.20. The disclosure for this sale can be found here. Insiders sold 293,563 shares of company stock valued at $53,186,421 in the last quarter. 0.32% of the stock is currently owned by corporate insiders.

Chevron Stock Down 0.1 %

CVX stock opened at $180.66 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $349.33 billion, a PE ratio of 10.28, a PEG ratio of 0.81 and a beta of 1.18. Chevron Co. has a twelve month low of $122.84 and a twelve month high of $189.68. The stock has a 50-day simple moving average of $177.53 and a two-hundred day simple moving average of $165.74.

Chevron (NYSE:CVXGet Rating) last posted its earnings results on Friday, October 28th. The oil and gas company reported $5.56 earnings per share for the quarter, beating analysts’ consensus estimates of $5.02 by $0.54. The business had revenue of $66.64 billion during the quarter, compared to analyst estimates of $61.44 billion. Chevron had a return on equity of 22.36% and a net margin of 14.36%. The company’s quarterly revenue was up 49.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.96 EPS. On average, equities analysts predict that Chevron Co. will post 18.91 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 12th. Shareholders of record on Friday, November 18th were issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Thursday, November 17th. Chevron’s payout ratio is presently 32.31%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CVX. Barclays lifted their target price on Chevron from $196.00 to $212.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. Jefferies Financial Group began coverage on Chevron in a research note on Wednesday, October 19th. They set a “hold” rating on the stock. StockNews.com began coverage on Chevron in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Mizuho cut Chevron from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $185.00 to $200.00 in a research note on Tuesday, January 10th. Finally, Morgan Stanley lifted their target price on Chevron from $193.00 to $196.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 19th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $186.67.

About Chevron

(Get Rating)

Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments. The Upstream segment consists of the exploration, development, and production of crude oil and natural gas, the liquefaction, transportation, and regasification associated with liquefied natural gas, the transporting of crude oil by major international oil export pipelines, the processing, transporting, storage, and marketing of natural gas, and a gas-to-liquids plant.

See Also

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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