LaFleur & Godfrey LLC lifted its holdings in shares of Chevron Co. (NYSE:CVX) by 12.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,299 shares of the oil and gas company’s stock after purchasing an additional 2,445 shares during the period. LaFleur & Godfrey LLC’s holdings in Chevron were worth $2,792,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Pathstone Family Office LLC boosted its position 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 valued at $2,170,000 after purchasing an additional 20 shares in the last quarter. Accurate Investment Solutions Inc. boosted its position 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 purchasing an additional 502 shares in the last quarter. Acrospire Investment Management LLC boosted its position 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 purchasing an additional 800 shares in the last quarter. Ffcm LLC boosted its position 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 purchasing an additional 822 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc bought a new stake in shares of Chevron during the 2nd quarter valued at about $160,000. Institutional investors own 64.96% of the company’s stock.
Shares of CVX stock opened at $112.98 on Friday. The company has a market capitalization of $217,195.77, a P/E ratio of 23.29, a PEG ratio of 2.25 and a beta of 1.19. Chevron Co. has a 52 week low of $102.55 and a 52 week high of $133.88. The company has a quick ratio of 0.83, a current ratio of 1.03 and a debt-to-equity ratio of 0.22.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Friday, February 16th were paid a $1.12 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This is an increase from Chevron’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a dividend yield of 3.97%. Chevron’s dividend payout ratio is 92.37%.
CVX has been the topic of a number of research reports. Goldman Sachs downgraded Chevron from a “conviction-buy” rating to a “buy” rating in a research note on Monday, February 5th. Credit Suisse Group dropped their price target on Chevron from $129.00 to $123.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 7th. HSBC downgraded Chevron from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Scotiabank reaffirmed a “buy” rating and set a $130.00 price target on shares of Chevron in a research note on Friday, December 22nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $153.00 price target on shares of Chevron in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $129.79.
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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