Asset Management One Co. Ltd. Has $131.38 Million Holdings in Chevron Co. (NYSE:CVX)

Asset Management One Co. Ltd. lessened its position in shares of Chevron Co. (NYSE:CVXGet Rating) by 4.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 914,450 shares of the oil and gas company’s stock after selling 42,906 shares during the quarter. Chevron makes up about 0.7% of Asset Management One Co. Ltd.’s investment portfolio, making the stock its 21st largest position. Asset Management One Co. Ltd.’s holdings in Chevron were worth $131,379,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Worth Asset Management LLC bought a new position in shares of Chevron during the 1st quarter worth approximately $36,000. Win Advisors Inc. lifted its position in shares of Chevron by 61.2% during the 2nd quarter. Win Advisors Inc. now owns 316 shares of the oil and gas company’s stock worth $46,000 after buying an additional 120 shares during the period. Joseph P. Lucia & Associates LLC lifted its position in shares of Chevron by 80.6% during the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 336 shares of the oil and gas company’s stock worth $49,000 after buying an additional 150 shares during the period. Foster Dykema Cabot & Co. Inc. MA bought a new position in shares of Chevron during the 2nd quarter worth approximately $69,000. Finally, Goodman Advisory Group LLC bought a new position in shares of Chevron during the 2nd quarter worth approximately $72,000. Institutional investors and hedge funds own 69.37% of the company’s stock.

Chevron Stock Down 0.1 %

Shares of Chevron stock opened at $180.66 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 0.13. Chevron Co. has a 12 month low of $122.84 and a 12 month high of $189.68. The business has a fifty day simple moving average of $177.53 and a 200 day simple moving average of $165.74. The stock has a market cap of $349.33 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 0.81 and a beta of 1.18.

Chevron (NYSE:CVXGet Rating) last announced its quarterly earnings data on Friday, October 28th. The oil and gas company reported $5.56 EPS for the quarter, topping analysts’ consensus estimates of $5.02 by $0.54. Chevron had a return on equity of 22.36% and a net margin of 14.36%. The business had revenue of $66.64 billion during the quarter, compared to analysts’ expectations of $61.44 billion. During the same period in the previous year, the firm earned $2.96 earnings per share. The firm’s quarterly revenue was up 49.1% compared to the same quarter last year. Research analysts predict that Chevron Co. will post 18.91 EPS for the current year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 12th. Investors of record on Friday, November 18th were paid a dividend of $1.42 per share. The ex-dividend date of this dividend was Thursday, November 17th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.14%. Chevron’s dividend payout ratio (DPR) is presently 32.31%.

Analysts Set New Price Targets

CVX has been the subject of several research analyst reports. BNP Paribas downgraded Chevron from a “neutral” rating to an “underperform” rating and set a $190.00 price objective for the company. in a research report on Wednesday, December 14th. Piper Sandler cut their price objective on Chevron from $206.00 to $199.00 and set an “overweight” rating for the company in a research report on Monday, December 19th. Jefferies Financial Group initiated coverage on Chevron in a research report on Wednesday, October 19th. They issued a “hold” rating for the company. Cowen lifted their price objective on Chevron from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, October 31st. Finally, StockNews.com initiated coverage on Chevron in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $186.67.

Insider Buying and Selling

In other Chevron news, Director Alice P. Gast sold 2,706 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $179.44, for a total value of $485,564.64. Following the completion of the transaction, the director now directly owns 21,964 shares of the company’s stock, valued at $3,941,220.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Chevron news, CFO Pierre R. Breber sold 25,000 shares of the business’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $179.64, for a total value of $4,491,000.00. Following the completion of the transaction, the chief financial officer now directly owns 8 shares of the company’s stock, valued at $1,437.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alice P. Gast sold 2,706 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $179.44, for a total value of $485,564.64. Following the completion of the transaction, the director now directly owns 21,964 shares of the company’s stock, valued at $3,941,220.16. The disclosure for this sale can be found here. Insiders sold a total of 293,563 shares of company stock valued at $53,186,421 over the last three months. Company insiders own 0.32% of the company’s stock.

About Chevron

(Get Rating)

Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments. The Upstream segment consists of the exploration, development, and production of crude oil and natural gas, the liquefaction, transportation, and regasification associated with liquefied natural gas, the transporting of crude oil by major international oil export pipelines, the processing, transporting, storage, and marketing of natural gas, and a gas-to-liquids plant.

Further Reading

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.