Amussen Hunsaker Associates LLC lifted its holdings in shares of Chevron Co. (NYSE:CVX) by 82.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,750 shares of the oil and gas company’s stock after purchasing an additional 1,700 shares during the period. Amussen Hunsaker Associates LLC’s holdings in Chevron were worth $441,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Pathstone Family Office LLC grew its stake in Chevron by 2.5% in the 2nd quarter. Pathstone Family Office LLC now owns 813 shares of the oil and gas company’s stock worth $2,170,000 after acquiring an additional 20 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in shares of Chevron during the 2nd quarter valued at $106,000. Accurate Investment Solutions Inc. grew its stake 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 valued at $159,000 after buying an additional 502 shares during the period. Acrospire Investment Management LLC grew its stake 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 valued at $146,000 after buying an additional 800 shares during the period. Finally, Ffcm LLC grew its stake 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 valued at $160,000 after buying an additional 822 shares during the period. 64.10% of the stock is owned by institutional investors and hedge funds.
Chevron Co. (CVX) opened at $111.92 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.83 and a debt-to-equity ratio of 0.22. The firm has a market cap of $212,580.00, a price-to-earnings ratio of 29.61, a P/E/G ratio of 2.27 and a beta of 1.15. Chevron Co. has a 1-year low of $102.55 and a 1-year high of $133.88.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Friday, February 16th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $4.48 dividend on an annualized basis and a yield of 4.00%. This is a positive change from Chevron’s previous quarterly dividend of $1.08. Chevron’s payout ratio is currently 118.52%.
Several analysts have recently issued reports on CVX shares. Vetr raised shares of Chevron from a “hold” rating to a “buy” rating and set a $134.35 price objective for the company in a research note on Tuesday, December 26th. Scotiabank reissued a “buy” rating and set a $130.00 price objective on shares of Chevron in a research note on Friday, December 22nd. Jefferies Group reissued a “buy” rating and set a $140.00 price objective on shares of Chevron in a research note on Wednesday, December 20th. Bank of America set a $125.00 price objective on shares of Chevron and gave the company a “buy” rating in a research note on Saturday, December 2nd. Finally, Zacks Investment Research raised shares of Chevron from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $130.28.
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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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