2 weeks Ago By ABMN Staff
William B. Walkup & Associates Inc. purchased a new position in Chevron Co.
( NYSE:CVX – Free Report ) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,234 shares of the oil and gas company’s stock, valued at approximately $819,000. A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock.
Berkshire Hathaway Inc boosted its stake in shares of Chevron by 14.4% during the 4th quarter. Berkshire Hathaway Inc now owns 126,093,326 shares of the oil and gas company’s stock valued at $18,808,081,000 after buying an additional 15,845,037 shares during the last quarter.
Ameriprise Financial Inc. raised its holdings in Chevron by 3.0% in the second quarter.
Ameriprise Financial Inc. now owns 17,111,051 shares of the oil and gas company’s stock valued at $2,676,957,000 after acquiring an additional 501,969 shares in the last quarter. Capital World Investors boosted its stake in Chevron by 3.
2% during the 1st quarter. Capital World Investors now owns 16,009,766 shares of the oil and gas company’s stock valued at $2,525,380,000 after acquiring an additional 495,879 shares during the last quarter. Legal & General Group Plc grew its holdings in Chevron by 4.
9% during the 2nd quarter. Legal & General Group Plc now owns 13,570,971 shares of the oil and gas company’s stock worth $2,122,772,000 after acquiring an additional 629,644 shares in the last quarter. Finally, Capital International Investors increased its position in shares of Chevron by 5.
9% in the 1st quarter. Capital International Investors now owns 13,418,287 shares of the oil and gas company’s stock worth $2,116,600,000 after purchasing an additional 743,042 shares during the last quarter. Hedge funds and other institutional investors own 72.
42% of the company’s stock. Chevron Price Performance Shares of NYSE:CVX opened at $145.49 on Monday.
Chevron Co. has a fifty-two week low of $135.37 and a fifty-two week high of $171.
70. The company has a quick ratio of 0.85, a current ratio of 1.
16 and a debt-to-equity ratio of 0.13. The company has a market cap of $268.
13 billion, a PE ratio of 13.38, a P/E/G ratio of 2.68 and a beta of 1.
09. The firm has a 50-day simple moving average of $146.63 and a 200 day simple moving average of $154.
31. Chevron Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th were given a $1.
63 dividend. This represents a $6.52 annualized dividend and a yield of 4.
48%. The ex-dividend date was Monday, August 19th. Chevron’s dividend payout ratio (DPR) is 59.
98%. Wall Street Analysts Forecast Growth Several brokerages have recently commented on CVX. Wolfe Research started coverage on shares of Chevron in a research report on Thursday, July 18th.
They set a “peer perform” rating on the stock. Mizuho reduced their target price on Chevron from $205.00 to $189.
00 and set an “outperform” rating on the stock in a report on Monday, September 16th. Scotiabank lowered their price target on Chevron from $195.00 to $180.
00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. UBS Group reduced their price objective on Chevron from $192.00 to $189.
00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Finally, Barclays decreased their price objective on shares of Chevron from $203.00 to $185.
00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Chevron presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.
24. View Our Latest Stock 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; 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. See Also Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Co.
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