Capital Investment Advisors LLC grew its holdings in Chevron Co. (NYSE:CVX) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,727 shares of the oil and gas company’s stock after purchasing an additional 1,010 shares during the period. Capital Investment Advisors LLC’s holdings in Chevron were worth $6,063,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CVX. Global X Management Co LLC grew its stake in Chevron by 37.2% during the second quarter. Global X Management Co LLC now owns 23,948 shares of the oil and gas company’s stock valued at $3,028,000 after acquiring an additional 6,496 shares in the last quarter. Schroder Investment Management Group grew its stake in Chevron by 28.4% during the second quarter. Schroder Investment Management Group now owns 1,668,368 shares of the oil and gas company’s stock valued at $209,647,000 after acquiring an additional 368,910 shares in the last quarter. M Holdings Securities Inc. grew its stake in Chevron by 9.5% during the second quarter. M Holdings Securities Inc. now owns 20,980 shares of the oil and gas company’s stock valued at $2,653,000 after acquiring an additional 1,828 shares in the last quarter. Andra AP fonden purchased a new position in Chevron during the second quarter valued at approximately $4,337,000. Finally, GHP Investment Advisors Inc. grew its stake in Chevron by 8.8% during the second quarter. GHP Investment Advisors Inc. now owns 32,673 shares of the oil and gas company’s stock valued at $4,131,000 after acquiring an additional 2,638 shares in the last quarter. 66.07% of the stock is currently owned by institutional investors.

In other news, insider James William Johnson sold 4,750 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $124.84, for a total value of $592,990.00. Following the completion of the sale, the insider now owns 4,750 shares of the company’s stock, valued at approximately $592,990. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeanette L. Ourada sold 7,200 shares of the company’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $116.50, for a total transaction of $838,800.00. Following the completion of the sale, the insider now directly owns 7,200 shares of the company’s stock, valued at approximately $838,800. The disclosure for this sale can be found here. In the last three months, insiders sold 16,700 shares of company stock valued at $1,964,740. Corporate insiders own 0.46% of the company’s stock.

Several equities analysts recently commented on CVX shares. Tudor Pickering started coverage on shares of Chevron in a research note on Friday, March 1st. They set a “buy” rating and a $133.00 price objective for the company. Credit Suisse Group reaffirmed a “buy” rating and set a $130.00 price objective on shares of Chevron in a research note on Wednesday, January 23rd. Cowen reaffirmed an “outperform” rating and set a $140.00 price objective (down previously from $160.00) on shares of Chevron in a research note on Thursday, February 28th. Societe Generale reduced their price objective on shares of Chevron from $150.00 to $128.00 and set a “buy” rating for the company in a research note on Wednesday, December 19th. Finally, Zacks Investment Research raised shares of Chevron from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Chevron presently has an average rating of “Buy” and a consensus price target of $135.68.

CVX stock opened at $125.54 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.25 and a quick ratio of 1.04. Chevron Co. has a one year low of $100.22 and a one year high of $131.08. The company has a market capitalization of $240.70 billion, a price-to-earnings ratio of 15.22, a P/E/G ratio of 3.87 and a beta of 1.03.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, February 1st. The oil and gas company reported $1.95 EPS for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.08. Chevron had a net margin of 8.91% and a return on equity of 9.78%. The business had revenue of $42.35 billion during the quarter, compared to analysts’ expectations of $41.46 billion. During the same quarter in the previous year, the company earned $1.64 EPS. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, equities research analysts forecast that Chevron Co. will post 6.56 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 15th were paid a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date was Thursday, February 14th. This is a boost from Chevron’s previous quarterly dividend of $1.12. Chevron’s payout ratio is currently 57.70%.

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Chevron Company Profile

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.

Further Reading: What are Institutional Investors?

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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