Shilanski & Associates Inc. Has $696,000 Stock Position in Chevron Co. (NYSE:CVX)


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Shilanski & Associates Inc. lifted its stake in Chevron Co. (NYSE:CVX) by 9.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,644 shares of the oil and gas company’s stock after acquiring an additional 599 shares during the quarter. Shilanski & Associates Inc.’s holdings in Chevron were worth $696,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CVX. Johnson Midwest Financial LLC acquired a new stake in shares of Chevron in the fourth quarter valued at about $27,000. Joseph P. Lucia & Associates LLC acquired a new position in Chevron during the fourth quarter worth approximately $28,000. Alpha DNA Investment Management LLC acquired a new position in Chevron during the fourth quarter worth approximately $31,000. Kathmere Capital Management LLC acquired a new position in Chevron during the third quarter worth approximately $33,000. Finally, PARK CIRCLE Co increased its position in Chevron by 300.0% during the fourth quarter. PARK CIRCLE Co now owns 400 shares of the oil and gas company’s stock worth $34,000 after buying an additional 300 shares during the last quarter. 62.27% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Michael K. Wirth sold 132,000 shares of the stock in a transaction dated Tuesday, January 19th. The shares were sold at an average price of $94.73, for a total transaction of $12,504,360.00. Following the transaction, the chief executive officer now owns 132,000 shares of the company’s stock, valued at approximately $12,504,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Pierre R. Breber sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, January 20th. The shares were sold at an average price of $95.00, for a total transaction of $1,235,000.00. Following the completion of the transaction, the chief financial officer now directly owns 13,686 shares in the company, valued at approximately $1,300,170. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.

Shares of NYSE:CVX opened at $102.96 on Friday. The company has a fifty day moving average of $105.43 and a 200-day moving average of $89.86. The company has a market capitalization of $198.50 billion, a PE ratio of -16.77, a price-to-earnings-growth ratio of 5.74 and a beta of 1.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 1.26. Chevron Co. has a 52-week low of $65.16 and a 52-week high of $112.70.

Chevron (NYSE:CVX) last announced its quarterly earnings results on Thursday, January 28th. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.09). The company had revenue of $25.25 billion for the quarter, compared to analyst estimates of $25.97 billion. Chevron had a positive return on equity of 1.75% and a negative net margin of 10.86%. The firm’s quarterly revenue was down 30.5% on a year-over-year basis. During the same quarter last year, the company posted $1.49 earnings per share. On average, equities analysts forecast that Chevron Co. will post 0.03 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 10th. Stockholders of record on Wednesday, February 17th were issued a dividend of $1.29 per share. The ex-dividend date was Tuesday, February 16th. This represents a $5.16 annualized dividend and a dividend yield of 5.01%. Chevron’s dividend payout ratio (DPR) is presently 82.30%.

A number of equities analysts have weighed in on CVX shares. Piper Sandler boosted their price target on Chevron from $113.00 to $126.00 and gave the stock an “overweight” rating in a research report on Thursday, April 1st. Scotiabank reaffirmed a “sector perform” rating and issued a $115.00 target price on shares of Chevron in a research report on Tuesday, March 16th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $113.00 target price (down previously from $117.00) on shares of Chevron in a research report on Tuesday. Citigroup began coverage on Chevron in a research report on Wednesday, March 10th. They issued a “neutral” rating and a $105.00 target price on the stock. Finally, Barclays upped their target price on Chevron from $108.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, January 14th. Ten analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Chevron has an average rating of “Buy” and an average target price of $110.68.

Chevron 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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