Grandfield & Dodd LLC Boosts Stock Position in Chevron Co. (NYSE:CVX)

Grandfield & Dodd LLC boosted its holdings in shares of Chevron Co. (NYSE:CVXGet Rating) by 0.9% in the third quarter, Holdings Channel.com reports. The fund owned 133,568 shares of the oil and gas company’s stock after acquiring an additional 1,221 shares during the quarter. Chevron comprises 1.6% of Grandfield & Dodd LLC’s portfolio, making the stock its 25th biggest holding. Grandfield & Dodd LLC’s holdings in Chevron were worth $19,190,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Mizuho Securities Co. Ltd. boosted its holdings in Chevron by 42.9% during the 2nd quarter. Mizuho Securities Co. Ltd. now owns 1,406 shares of the oil and gas company’s stock valued at $165,000 after acquiring an additional 422 shares during the period. Good Life Advisors LLC boosted its holdings in Chevron by 2.6% during the 3rd quarter. Good Life Advisors LLC now owns 28,054 shares of the oil and gas company’s stock valued at $4,031,000 after acquiring an additional 719 shares during the period. Genesee Capital Advisors LLC purchased a new position in Chevron during the 2nd quarter valued at $1,087,000. Hexagon Capital Partners LLC raised its position in Chevron by 10.6% during the 2nd quarter. Hexagon Capital Partners LLC now owns 7,349 shares of the oil and gas company’s stock valued at $1,064,000 after purchasing an additional 707 shares in the last quarter. Finally, Sage Mountain Advisors LLC raised its position in Chevron by 77.1% during the 2nd quarter. Sage Mountain Advisors LLC now owns 6,046 shares of the oil and gas company’s stock valued at $875,000 after purchasing an additional 2,632 shares in the last quarter. Hedge funds and other institutional investors own 69.37% of the company’s stock.

Insider Buying and Selling at Chevron

In other Chevron news, VP R. Hewitt Pate sold 32,391 shares of the business’s stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $180.00, for a total transaction of $5,830,380.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Chevron news, CEO Michael K. Wirth sold 34,620 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $185.03, for a total transaction of $6,405,738.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP R. Hewitt Pate sold 32,391 shares of the business’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $180.00, for a total value of $5,830,380.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 293,563 shares of company stock worth $53,186,421. 0.32% of the stock is currently owned by insiders.

Chevron Trading Down 0.1 %

Shares of NYSE:CVX opened at $180.66 on Tuesday. The business’s 50-day moving average is $177.53 and its 200 day moving average is $165.74. Chevron Co. has a 1 year low of $122.84 and a 1 year high of $189.68. The firm has a market capitalization of $349.33 billion, a P/E ratio of 10.28, a P/E/G ratio of 0.81 and a beta of 1.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.40 and a quick ratio of 1.15.

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

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 12th. Shareholders of record on Friday, November 18th were paid a dividend of $1.42 per share. The ex-dividend date was Thursday, November 17th. This represents a $5.68 annualized dividend and a yield of 3.14%. Chevron’s payout ratio is presently 32.31%.

Analyst Ratings Changes

CVX has been the subject of a number of research analyst reports. BNP Paribas lowered Chevron from a “neutral” rating to an “underperform” rating and set a $190.00 target price for the company. in a research report on Wednesday, December 14th. Raymond James lifted their target price on Chevron from $188.00 to $215.00 and gave the company an “outperform” rating in a research report on Monday, October 31st. Jefferies Financial Group initiated coverage on Chevron in a research report on Wednesday, October 19th. They set a “hold” rating for the company. Morgan Stanley lifted their target price on Chevron from $193.00 to $196.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 19th. Finally, Bank of America lowered Chevron from a “buy” rating to a “neutral” rating and lifted their target price for the company from $190.00 to $191.00 in a research report on Friday, January 6th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Chevron has a consensus rating of “Hold” and an average price target of $186.67.

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.

See Also

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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