GHP Investment Advisors Inc. lifted its position in Chevron Co. (NYSE:CVX – Free Report) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,379 shares of the oil and gas company’s stock after purchasing an additional 1,864 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Chevron were worth $4,979,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hoxton Planning & Management LLC increased its stake in Chevron by 42.6% in the third quarter. Hoxton Planning & Management LLC now owns 2,136 shares of the oil and gas company’s stock valued at $315,000 after acquiring an additional 638 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in Chevron during the third quarter valued at approximately $64,000. CWM LLC grew its stake in shares of Chevron by 4.2% in the 3rd quarter. CWM LLC now owns 256,705 shares of the oil and gas company’s stock valued at $37,805,000 after purchasing an additional 10,337 shares during the period. Sanibel Captiva Trust Company Inc. raised its holdings in shares of Chevron by 7.4% in the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 162,730 shares of the oil and gas company’s stock worth $23,965,000 after buying an additional 11,149 shares in the last quarter. Finally, Patten Group Inc. lifted its position in shares of Chevron by 9.0% during the 3rd quarter. Patten Group Inc. now owns 24,245 shares of the oil and gas company’s stock worth $3,571,000 after buying an additional 1,995 shares during the period. 72.42% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Chevron news, CEO Michael K. Wirth sold 164,600 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $160.13, for a total transaction of $26,357,398.00. Following the transaction, the chief executive officer now owns 4,280 shares in the company, valued at approximately $685,356.40. This trade represents a 97.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by insiders.
Analyst Ratings Changes
Read Our Latest Research Report on Chevron
Chevron Price Performance
Shares of CVX stock opened at $151.86 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. Chevron Co. has a 12 month low of $135.37 and a 12 month high of $167.11. The firm has a market cap of $272.90 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 1.29 and a beta of 1.11. The stock has a 50-day moving average price of $152.60 and a 200 day moving average price of $150.90.
Chevron (NYSE:CVX – Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.36). Chevron had a return on equity of 11.44% and a net margin of 8.71%. During the same quarter in the prior year, the company earned $3.45 EPS. Research analysts expect that Chevron Co. will post 11.45 EPS for the current year.
Chevron Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 14th will be given a $1.71 dividend. This is a positive change from Chevron’s previous quarterly dividend of $1.63. This represents a $6.84 annualized dividend and a dividend yield of 4.50%. The ex-dividend date is Friday, February 14th. Chevron’s dividend payout ratio (DPR) is currently 67.08%.
Chevron Company Profile
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.
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