Kistler Tiffany Companies LLC trimmed its position in Chevron Co. (NYSE:CVX) by 6.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,566 shares of the oil and gas company’s stock after selling 1,119 shares during the period. Chevron comprises approximately 0.8% of Kistler Tiffany Companies LLC’s portfolio, making the stock its 22nd largest holding. Kistler Tiffany Companies LLC’s holdings in Chevron were worth $1,949,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. American National Bank grew its position in shares of Chevron by 1.3% during the 4th quarter. American National Bank now owns 54,469 shares of the oil and gas company’s stock worth $6,819,000 after buying an additional 708 shares during the period. North Star Investment Management Corp. grew its position in shares of Chevron by 8.6% during the 4th quarter. North Star Investment Management Corp. now owns 18,226 shares of the oil and gas company’s stock worth $2,282,000 after buying an additional 1,441 shares during the period. First American Trust FSB grew its position in shares of Chevron by 13.8% during the 4th quarter. First American Trust FSB now owns 47,946 shares of the oil and gas company’s stock worth $6,003,000 after buying an additional 5,805 shares during the period. Windward Capital Management Co. CA grew its position in shares of Chevron by 49.4% during the 4th quarter. Windward Capital Management Co. CA now owns 12,217 shares of the oil and gas company’s stock worth $1,529,000 after buying an additional 4,041 shares during the period. Finally, Bogart Wealth LLC grew its position in shares of Chevron by 3.7% during the 4th quarter. Bogart Wealth LLC now owns 15,316 shares of the oil and gas company’s stock worth $1,917,000 after buying an additional 542 shares during the period. Hedge funds and other institutional investors own 64.02% of the company’s stock.
Several equities analysts have recently weighed in on the company. Vetr cut Chevron from a “buy” rating to a “hold” rating and set a $134.35 price objective on the stock. in a report on Thursday, January 11th. HSBC cut Chevron from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Morgan Stanley lifted their price objective on Chevron from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Zacks Investment Research cut Chevron from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 17th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $130.00 price objective (up previously from $123.00) on shares of Chevron in a report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $130.00.
Chevron (NYSE:CVX) last released its earnings results on Friday, February 2nd. The oil and gas company reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.54). The firm had revenue of $37.62 billion during the quarter, compared to the consensus estimate of $38.43 billion. Chevron had a net margin of 6.49% and a return on equity of 5.22%. The company’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 EPS. equities research analysts expect that Chevron Co. will post 6.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Friday, February 16th will be paid a $1.12 dividend. This is a boost from Chevron’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $4.48 annualized dividend and a yield of 3.82%. Chevron’s payout ratio is presently 92.37%.
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Chevron Company Profile
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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