Chevron Co. (NYSE:CVX) Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. lessened its stake in Chevron Co. (NYSE:CVXFree Report) by 6.0% in the third quarter, Holdings Channel reports. The fund owned 49,716 shares of the oil and gas company’s stock after selling 3,152 shares during the quarter. Montag A & Associates Inc.’s holdings in Chevron were worth $8,383,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CVX. Picton Mahoney Asset Management purchased a new position in shares of Chevron during the 3rd quarter valued at approximately $26,000. Valley Forge Investment Consultants Inc. ADV raised its position in shares of Chevron by 80.0% during the 3rd quarter. Valley Forge Investment Consultants Inc. ADV now owns 180 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 80 shares in the last quarter. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Chevron during the 3rd quarter valued at approximately $35,000. Worth Asset Management LLC acquired a new stake in shares of Chevron during the 1st quarter valued at approximately $36,000. Finally, Legacy Financial Group LLC acquired a new stake in shares of Chevron during the 3rd quarter valued at approximately $43,000. Hedge funds and other institutional investors own 68.87% of the company’s stock.

Chevron Trading Up 0.7 %

Shares of NYSE CVX traded up $1.04 during midday trading on Monday, reaching $152.08. The company had a trading volume of 6,707,649 shares, compared to its average volume of 9,015,317. Chevron Co. has a one year low of $139.62 and a one year high of $173.51. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The firm’s fifty day moving average price is $147.87 and its 200-day moving average price is $154.47. The stock has a market cap of $287.09 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 0.81 and a beta of 1.13.

Chevron (NYSE:CVXGet Free Report) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.26. The firm had revenue of $47.18 billion for the quarter, compared to analysts’ expectations of $50.93 billion. Chevron had a return on equity of 15.24% and a net margin of 10.63%. The company’s revenue was down 16.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.09 EPS. On average, equities research analysts anticipate that Chevron Co. will post 13.03 earnings per share for the current year.

Chevron Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Friday, February 16th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Thursday, February 15th. This is a positive change from Chevron’s previous quarterly dividend of $1.51. Chevron’s payout ratio is currently 53.17%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CVX shares. TD Cowen lowered Chevron from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $170.00 to $150.00 in a report on Tuesday, January 23rd. Sanford C. Bernstein raised Chevron from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $184.00 to $182.00 in a research note on Thursday, November 2nd. Morgan Stanley decreased their price target on Chevron from $203.00 to $201.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 17th. Mizuho decreased their price target on Chevron from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Tuesday, November 14th. Finally, Scotiabank lowered Chevron from a “sector outperform” rating to a “sector perform” rating and set a $170.00 price target for the company. in a research report on Tuesday, January 16th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Chevron presently has an average rating of “Moderate Buy” and an average target price of $180.95.

View Our Latest Research Report on CVX

About Chevron

(Free Report)

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; liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and processing, transportation, storage, and marketing of natural gas, as well as a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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