Ahrens Investment Partners LLC boosted its stake in shares of Chevron Co. (NYSE:CVX) by 6.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,743 shares of the oil and gas company’s stock after acquiring an additional 1,560 shares during the quarter. Chevron accounts for 1.2% of Ahrens Investment Partners LLC’s holdings, making the stock its 22nd largest position. Ahrens Investment Partners LLC’s holdings in Chevron were worth $2,821,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Alleghany Corp DE purchased a new stake in shares of Chevron in the fourth quarter valued at approximately $430,653,000. BlackRock Inc. increased its position in shares of Chevron by 1.9% in the fourth quarter. BlackRock Inc. now owns 128,530,034 shares of the oil and gas company’s stock valued at $16,090,676,000 after buying an additional 2,356,734 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its position in shares of Chevron by 2,865.0% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,599,520 shares of the oil and gas company’s stock valued at $200,242,000 after buying an additional 1,545,573 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Chevron in the fourth quarter valued at approximately $172,635,000. Finally, American Century Companies Inc. increased its position in shares of Chevron by 18.1% in the first quarter. American Century Companies Inc. now owns 5,784,894 shares of the oil and gas company’s stock valued at $659,709,000 after buying an additional 886,305 shares in the last quarter. Institutional investors own 64.27% of the company’s stock.

A number of analysts have recently commented on CVX shares. Mizuho started coverage on Chevron in a research report on Friday, June 8th. They issued a “buy” rating and a $145.00 price objective for the company. Piper Jaffray Companies restated a “buy” rating and issued a $140.00 price objective on shares of Chevron in a research report on Monday, April 23rd. Goldman Sachs Group restated a “buy” rating and issued a $141.00 price objective on shares of Chevron in a research report on Tuesday, July 31st. Zacks Investment Research cut Chevron from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. Finally, Credit Suisse Group set a $132.00 price objective on Chevron and gave the company a “hold” rating in a research report on Sunday, July 1st. Eight analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $138.49.

Shares of NYSE:CVX opened at $117.75 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.87 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $236.34 billion, a PE ratio of 31.85, a PEG ratio of 2.18 and a beta of 1.10. Chevron Co. has a 1 year low of $105.30 and a 1 year high of $133.88.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, July 27th. The oil and gas company reported $1.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.09 by ($0.31). The firm had revenue of $42.24 billion during the quarter, compared to analyst estimates of $46.62 billion. Chevron had a return on equity of 6.89% and a net margin of 7.87%. The business’s revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 earnings per share. research analysts anticipate that Chevron Co. will post 8.1 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Friday, August 17th will be paid a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Thursday, August 16th. Chevron’s dividend payout ratio is presently 121.08%.

In other Chevron news, insider James William Johnson sold 4,750 shares of the business’s stock in a transaction on Thursday, July 12th. The stock was sold at an average price of $124.20, for a total transaction of $589,950.00. Following the transaction, the insider now owns 4,750 shares of the company’s stock, valued at $589,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.46% of the company’s stock.

About Chevron

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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