Marietta Wealth Management LLC raised its stake in Chevron Co. (NYSE:CVX) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,158 shares of the oil and gas company’s stock after acquiring an additional 666 shares during the quarter. Marietta Wealth Management LLC’s holdings in Chevron were worth $2,193,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CVX. Vanguard Group Inc. raised its stake in shares of Chevron by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 149,871,580 shares of the oil and gas company’s stock worth $18,326,297,000 after buying an additional 1,897,503 shares during the period. Vanguard Group Inc raised its stake in shares of Chevron by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 149,871,580 shares of the oil and gas company’s stock worth $18,326,297,000 after buying an additional 1,897,503 shares during the period. Capital International Investors raised its stake in shares of Chevron by 157.4% during the 3rd quarter. Capital International Investors now owns 23,757,783 shares of the oil and gas company’s stock worth $2,905,102,000 after buying an additional 14,528,219 shares during the period. Legal & General Group Plc raised its stake in shares of Chevron by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 9,104,849 shares of the oil and gas company’s stock worth $1,113,352,000 after buying an additional 179,653 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Chevron by 0.3% during the 3rd quarter. Franklin Resources Inc. now owns 8,753,977 shares of the oil and gas company’s stock worth $1,070,437,000 after buying an additional 23,679 shares during the period. 65.43% of the stock is 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 stock was sold at an average price of $124.84, for a total value of $592,990.00. Following the transaction, 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 SEC, which is accessible through the SEC website. Also, Director Enrique Hernandez, Jr. sold 4,200 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $122.13, for a total value of $512,946.00. Following the completion of the transaction, the director now directly owns 15,689 shares in the company, valued at approximately $1,916,097.57. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,800 shares of company stock valued at $1,958,211. 0.31% of the stock is owned by company insiders.

CVX has been the subject of several research reports. Cowen reiterated a “buy” rating and set a $142.00 price target on shares of Chevron in a research report on Wednesday, April 17th. Zacks Investment Research cut Chevron from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Tudor Pickering initiated coverage on Chevron in a research report on Friday, March 1st. They set a “buy” rating and a $133.00 price target for the company. Bank of America upgraded Chevron from a “neutral” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Friday, April 12th. Finally, Citigroup boosted their price target on Chevron from $135.00 to $142.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $135.42.

Shares of NYSE:CVX opened at $115.99 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 0.90. The firm has a market capitalization of $216.85 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 2.47 and a beta of 0.97. Chevron Co. has a 52-week low of $100.22 and a 52-week high of $128.55.

Chevron (NYSE:CVX) last issued its earnings results on Friday, April 26th. The oil and gas company reported $1.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.13. The company had revenue of $35.20 billion during the quarter, compared to analysts’ expectations of $38.42 billion. Chevron had a return on equity of 9.07% and a net margin of 8.45%. The firm’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.90 EPS. As a group, equities analysts expect that Chevron Co. will post 7.38 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 17th will be issued a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Thursday, May 16th. Chevron’s payout ratio is currently 57.70%.

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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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