Huber Financial Advisors LLC acquired a new stake in Chevron Co. (NYSE:CVX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,748 shares of the oil and gas company’s stock, valued at approximately $219,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. increased its stake in shares of Chevron by 8.0% during the fourth quarter. Koshinski Asset Management Inc. now owns 14,572 shares of the oil and gas company’s stock worth $1,824,000 after purchasing an additional 1,077 shares in the last quarter. Bogart Wealth LLC increased its stake in shares of Chevron by 3.7% during the fourth quarter. Bogart Wealth LLC now owns 15,316 shares of the oil and gas company’s stock worth $1,917,000 after purchasing an additional 542 shares in the last quarter. Numeric Investors LLC increased its stake in shares of Chevron by 158.4% during the second quarter. Numeric Investors LLC now owns 52,200 shares of the oil and gas company’s stock worth $5,446,000 after purchasing an additional 32,000 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of Chevron by 24.7% during the second quarter. Toronto Dominion Bank now owns 660,443 shares of the oil and gas company’s stock worth $68,894,000 after purchasing an additional 130,990 shares in the last quarter. Finally, Shell Asset Management Co. increased its stake in shares of Chevron by 41.2% during the third quarter. Shell Asset Management Co. now owns 506,198 shares of the oil and gas company’s stock worth $60,400,000 after purchasing an additional 147,738 shares in the last quarter. 64.98% of the stock is owned by institutional investors.
NYSE:CVX opened at $114.76 on Friday. 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 stock has a market capitalization of $218,685.78, a price-to-earnings ratio of 31.02, a PEG ratio of 2.25 and a beta of 1.16. Chevron Co. has a 1-year low of $102.55 and a 1-year high of $133.88.
The company also recently announced a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Friday, February 16th were issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 3.90%. This is a positive change from Chevron’s previous quarterly dividend of $1.08. The ex-dividend date was Thursday, February 15th. Chevron’s payout ratio is presently 121.08%.
A number of equities analysts recently weighed in on the stock. Royal Bank of Canada upgraded shares of Chevron from an “underperform” rating to a “sector perform” rating and set a $125.00 price target on the stock in a research report on Friday, February 9th. Morgan Stanley boosted their price target on shares of Chevron from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Vetr lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $134.35 price target on the stock. in a research report on Thursday, January 11th. Zacks Investment Research lowered shares of Chevron from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Finally, DZ Bank upgraded shares of Chevron from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, eight have assigned 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 price target of $129.79.
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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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