Metropolitan Life Insurance Co NY decreased its position in shares of Chevron Co. (NYSE:CVX) by 3.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 269,038 shares of the oil and gas company’s stock after selling 8,486 shares during the quarter. Chevron comprises about 0.6% of Metropolitan Life Insurance Co NY’s investment portfolio, making the stock its 21st largest holding. Metropolitan Life Insurance Co NY’s holdings in Chevron were worth $33,140,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Taylor Cottrill Erickson & Associates Inc. boosted its position in Chevron by 0.5% during the fourth quarter. Taylor Cottrill Erickson & Associates Inc. now owns 18,079 shares of the oil and gas company’s stock worth $1,967,000 after purchasing an additional 90 shares during the period. Bingham Osborn & Scarborough LLC boosted its position in Chevron by 0.5% during the fourth quarter. Bingham Osborn & Scarborough LLC now owns 18,273 shares of the oil and gas company’s stock worth $1,988,000 after purchasing an additional 92 shares during the period. Unison Advisors LLC boosted its position in Chevron by 0.9% during the fourth quarter. Unison Advisors LLC now owns 10,873 shares of the oil and gas company’s stock worth $1,183,000 after purchasing an additional 96 shares during the period. Bogart Wealth LLC boosted its position in Chevron by 0.5% during the fourth quarter. Bogart Wealth LLC now owns 18,554 shares of the oil and gas company’s stock worth $2,018,000 after purchasing an additional 97 shares during the period. Finally, Private Vista LLC boosted its position in Chevron by 1.1% during the fourth quarter. Private Vista LLC now owns 9,191 shares of the oil and gas company’s stock worth $1,000,000 after purchasing an additional 99 shares during the period. 65.39% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE CVX opened at $120.81 on Monday. 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 $230.11 billion, a P/E ratio of 14.64, a PEG ratio of 2.44 and a beta of 0.97. Chevron Co. has a one year low of $100.22 and a one year high of $128.55.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.13. Chevron had a return on equity of 9.07% and a net margin of 8.45%. The firm had revenue of $35.20 billion during the quarter, compared to analyst estimates of $38.42 billion. During the same period in the prior year, the company posted $1.90 earnings per share. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. Equities analysts anticipate that Chevron Co. will post 7.9 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 17th were paid a dividend of $1.19 per share. The ex-dividend date was Thursday, May 16th. This represents a $4.76 annualized dividend and a yield of 3.94%. Chevron’s dividend payout ratio is currently 57.70%.

In other Chevron news, insider James William Johnson sold 4,750 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $125.60, for a total transaction of $596,600.00. Following the completion of the transaction, the insider now directly owns 4,750 shares in the company, valued at $596,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Enrique Hernandez, Jr. sold 4,200 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $122.13, for a total value of $512,946.00. Following the transaction, the director now owns 15,689 shares of the company’s stock, valued at $1,916,097.57. The disclosure for this sale can be found here. Insiders have sold 11,050 shares of company stock valued at $1,365,221 over the last quarter. Corporate insiders own 0.31% of the company’s stock.

A number of brokerages have issued reports on CVX. Citigroup began coverage on Chevron in a research report on Monday, May 13th. They set a “buy” rating and a $135.00 target price for the company. Zacks Investment Research upgraded Chevron from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research note on Monday, April 29th. Royal Bank of Canada upgraded Chevron to a “sector perform” rating and set a $145.00 target price for the company in a research note on Wednesday, March 6th. Morgan Stanley started coverage on Chevron in a research note on Monday, April 1st. They issued an “overweight” rating and a $146.00 target price for the company. Finally, Barclays upped their target price on Chevron from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $135.42.

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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.

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Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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