Chevron Co. (CVX) Position Increased by Hudock Capital Group LLC

Hudock Capital Group LLC boosted its holdings in shares of Chevron Co. (NYSE:CVX) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,062 shares of the oil and gas company’s stock after purchasing an additional 546 shares during the quarter. Chevron comprises 1.0% of Hudock Capital Group LLC’s portfolio, making the stock its 18th biggest holding. Hudock Capital Group LLC’s holdings in Chevron were worth $2,386,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CVX. Beach Investment Management LLC. bought a new stake in Chevron in the 2nd quarter worth approximately $2,588,000. Strategic Financial Group LLC increased its stake in Chevron by 2.2% in the 2nd quarter. Strategic Financial Group LLC now owns 9,181 shares of the oil and gas company’s stock worth $958,000 after acquiring an additional 202 shares during the last quarter. Usca Ria LLC increased its stake in Chevron by 9.5% in the 2nd quarter. Usca Ria LLC now owns 43,215 shares of the oil and gas company’s stock worth $4,509,000 after acquiring an additional 3,762 shares during the last quarter. Coho Partners Ltd. increased its stake in Chevron by 26.9% in the 2nd quarter. Coho Partners Ltd. now owns 1,063,327 shares of the oil and gas company’s stock worth $110,937,000 after acquiring an additional 225,133 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in Chevron by 23.9% in the 2nd quarter. Prudential Financial Inc. now owns 4,325,183 shares of the oil and gas company’s stock worth $451,247,000 after acquiring an additional 835,060 shares during the last quarter. 64.98% of the stock is currently owned by institutional investors.

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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 target price on Chevron from $129.00 to $123.00 and set a “neutral” rating for the company in a report on Wednesday, March 7th. Vetr upgraded Chevron from a “hold” rating to a “buy” rating and set a $117.38 target price for the company in a report on Tuesday, April 3rd. HSBC cut Chevron from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Finally, Scotiabank reiterated a “buy” rating and issued a $130.00 target price on shares of Chevron in a report on Friday, December 22nd. One equities research 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. Chevron has a consensus rating of “Buy” and an average price target of $129.79.

CVX opened at $114.76 on Monday. Chevron Co. has a 52-week low of $102.55 and a 52-week high of $133.88. 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 firm has a market cap of $219,220.64, a P/E ratio of 31.02, a price-to-earnings-growth ratio of 2.26 and a beta of 1.16.

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

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 dividend yield of 3.90%. This is a boost from Chevron’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Thursday, February 15th. Chevron’s dividend payout ratio is currently 121.08%.

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About Chevron

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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