Chevron Co. (NYSE:CVX) Shares Sold by Zevin Asset Management LLC

Zevin Asset Management LLC decreased its stake in Chevron Co. (NYSE:CVX) by 18.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,556 shares of the oil and gas company’s stock after selling 589 shares during the period. Zevin Asset Management LLC’s holdings in Chevron were worth $303,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CVX. Nuveen Asset Management LLC boosted its holdings in shares of Chevron by 2,073.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 14,886,232 shares of the oil and gas company’s stock valued at $1,852,443,000 after buying an additional 14,201,379 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Chevron by 3.5% in the 2nd quarter. BlackRock Inc. now owns 131,522,440 shares of the oil and gas company’s stock valued at $16,366,651,000 after buying an additional 4,401,622 shares in the last quarter. Thoroughbred Financial Services LLC boosted its holdings in shares of Chevron by 12,204.4% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,259,805 shares of the oil and gas company’s stock valued at $325,980,000 after buying an additional 3,233,312 shares in the last quarter. APG Asset Management N.V. boosted its holdings in shares of Chevron by 59.6% in the 2nd quarter. APG Asset Management N.V. now owns 5,518,090 shares of the oil and gas company’s stock valued at $602,978,000 after buying an additional 2,061,187 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Chevron by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 157,513,617 shares of the oil and gas company’s stock valued at $19,600,995,000 after buying an additional 1,572,940 shares in the last quarter. Institutional investors and hedge funds own 65.68% of the company’s stock.

Several research analysts have recently issued reports on CVX shares. BMO Capital Markets started coverage on shares of Chevron in a report on Tuesday, August 20th. They issued an “outperform” rating and a $165.00 target price for the company. JPMorgan Chase & Co. lowered their target price on shares of Chevron from $142.00 to $139.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Morgan Stanley lowered their target price on shares of Chevron from $144.00 to $142.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Independent Research set a $127.00 target price on shares of Chevron and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, ValuEngine upgraded shares of Chevron from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $135.88.

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CVX stock traded down $0.96 on Friday, hitting $120.93. The company’s stock had a trading volume of 4,176,056 shares, compared to its average volume of 6,442,372. The firm has a 50 day moving average of $117.65 and a two-hundred day moving average of $119.96. Chevron Co. has a 1 year low of $100.22 and a 1 year high of $127.34. The stock has a market cap of $231.49 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 3.25 and a beta of 0.99. The company has a current ratio of 1.15, a quick ratio of 0.91 and a debt-to-equity ratio of 0.16.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.11). Chevron had a net margin of 8.70% and a return on equity of 8.89%. The business had revenue of $36.12 billion during the quarter, compared to analysts’ expectations of $37.69 billion. During the same quarter last year, the company earned $2.11 EPS. The firm’s revenue for the quarter was down 17.9% compared to the same quarter last year. As a group, equities analysts forecast that Chevron Co. will post 6.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Monday, November 18th will be given a $1.19 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.76 annualized dividend and a yield of 3.94%. Chevron’s dividend payout ratio (DPR) is 57.70%.

In other Chevron news, CFO Pierre R. Breber sold 15,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $124.97, for a total transaction of $1,874,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph C. Geagea sold 5,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $118.10, for a total transaction of $590,500.00. Following the transaction, the executive vice president now owns 6,243 shares of the company’s stock, valued at approximately $737,298.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,750 shares of company stock valued at $11,216,850. 0.31% of the stock is owned by insiders.

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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