Comprehensive Portfolio Management LLC Buys 15,625 Shares of Chevron Co. (CVX)

Comprehensive Portfolio Management LLC increased its stake in Chevron Co. (NYSE:CVX) by 867.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,426 shares of the oil and gas company’s stock after acquiring an additional 15,625 shares during the quarter. Chevron makes up 0.6% of Comprehensive Portfolio Management LLC’s holdings, making the stock its 20th largest holding. Comprehensive Portfolio Management LLC’s holdings in Chevron were worth $2,182,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CVX. Acrospire Investment Management LLC grew its holdings in shares of Chevron by 133.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the oil and gas company’s stock worth $146,000 after acquiring an additional 800 shares during the last quarter. Accurate Investment Solutions Inc. grew its holdings in shares of Chevron by 59.1% in the 3rd quarter. Accurate Investment Solutions Inc. now owns 1,352 shares of the oil and gas company’s stock worth $159,000 after acquiring an additional 502 shares during the last quarter. Ffcm LLC grew its holdings in shares of Chevron by 121.1% in the 2nd quarter. Ffcm LLC now owns 1,501 shares of the oil and gas company’s stock worth $160,000 after acquiring an additional 822 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in shares of Chevron in the 2nd quarter worth $160,000. Finally, Intellectus Partners LLC grew its holdings in shares of Chevron by 1.0% during the second quarter. Intellectus Partners LLC now owns 1,557 shares of the oil and gas company’s stock valued at $162,000 after buying an additional 15 shares in the last quarter. Institutional investors and hedge funds own 64.96% of the company’s stock.

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Chevron Co. (NYSE CVX) opened at $112.98 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.03 and a quick ratio of 0.83. The company has a market capitalization of $215,820.39, a PE ratio of 23.29, a PEG ratio of 2.23 and a beta of 1.19. Chevron Co. has a 12 month low of $102.55 and a 12 month high of $133.88.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.54). The business had revenue of $37.62 billion during the quarter, compared to the consensus estimate of $38.43 billion. Chevron had a return on equity of 5.22% and a net margin of 6.49%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share. research analysts predict that Chevron Co. will post 6.35 EPS for the current fiscal year.

The firm 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 was Thursday, February 15th. This is a positive change from Chevron’s previous quarterly dividend of $1.08. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.97%. Chevron’s payout ratio is presently 92.37%.

A number of research analysts have recently weighed in on the company. Vetr downgraded Chevron from a “buy” rating to a “hold” rating and set a $117.38 price target on the stock. in a report on Wednesday, March 21st. DZ Bank upgraded Chevron from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Credit Suisse Group lowered their price target on Chevron from $129.00 to $123.00 and set a “neutral” rating on the stock in a report on Wednesday, March 7th. Bank of America downgraded Chevron from a “buy” rating to a “neutral” rating and set a $125.00 price target on the stock. in a report on Thursday, January 4th. They noted that the move was a valuation call. Finally, Societe Generale raised Chevron from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $129.79.

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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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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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