Chevron Co. (CVX) Holdings Trimmed by Beddow Capital Management Inc.

Beddow Capital Management Inc. lessened its holdings in Chevron Co. (NYSE:CVX) by 14.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,173 shares of the oil and gas company’s stock after selling 2,312 shares during the quarter. Beddow Capital Management Inc.’s holdings in Chevron were worth $1,649,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Standard Life Aberdeen plc boosted its holdings in Chevron by 4.6% in the fourth quarter. Standard Life Aberdeen plc now owns 3,849,359 shares of the oil and gas company’s stock worth $482,335,000 after acquiring an additional 170,953 shares in the last quarter. Mutual Advisors LLC purchased a new position in shares of Chevron in the fourth quarter worth about $2,052,000. Brown Advisory Securities LLC raised its stake in shares of Chevron by 3.5% in the fourth quarter. Brown Advisory Securities LLC now owns 23,116 shares of the oil and gas company’s stock worth $2,898,000 after purchasing an additional 782 shares during the last quarter. State of Tennessee Treasury Department raised its stake in shares of Chevron by 4.2% in the fourth quarter. State of Tennessee Treasury Department now owns 904,014 shares of the oil and gas company’s stock worth $113,173,000 after purchasing an additional 36,095 shares during the last quarter. Finally, First Republic Investment Management Inc. raised its stake in shares of Chevron by 4.5% in the fourth quarter. First Republic Investment Management Inc. now owns 1,678,438 shares of the oil and gas company’s stock worth $210,123,000 after purchasing an additional 71,894 shares during the last quarter. 64.99% of the stock is owned by institutional investors and hedge funds.

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Several research analysts have recently issued reports on CVX shares. Goldman Sachs cut Chevron from a “conviction-buy” rating to a “buy” rating in a research note on Monday, February 5th. Barclays raised their price objective on Chevron from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, April 30th. Credit Suisse Group reduced their price objective on Chevron from $129.00 to $123.00 and set a “neutral” rating for the company in a research note on Wednesday, March 7th. Vetr upgraded Chevron from a “hold” rating to a “buy” rating and set a $117.38 price objective for the company in a research note on Tuesday, April 3rd. Finally, ValuEngine upgraded Chevron from a “hold” rating to a “buy” rating in a research note on Wednesday, April 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $131.92.

In other news, EVP Pierre R. Breber sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $130.41, for a total value of $3,260,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Patricia E. Yarrington sold 135,000 shares of the business’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $130.00, for a total value of $17,550,000.00. Following the completion of the sale, the chief financial officer now owns 139,838 shares of the company’s stock, valued at $18,178,940. The disclosure for this sale can be found here. Insiders sold 377,000 shares of company stock valued at $48,519,200 over the last 90 days. Company insiders own 0.38% of the company’s stock.

Shares of Chevron opened at $127.86 on Friday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.04 and a quick ratio of 0.84. The company has a market cap of $247.30 billion, a P/E ratio of 34.56, a P/E/G ratio of 2.49 and a beta of 1.14. Chevron Co. has a twelve month low of $102.55 and a twelve month high of $133.88.

Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, April 27th. The oil and gas company reported $1.90 EPS for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.45. The business had revenue of $37.76 billion during the quarter, compared to analysts’ expectations of $40.34 billion. Chevron had a return on equity of 5.83% and a net margin of 6.95%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.23 earnings per share. equities analysts predict that Chevron Co. will post 7.44 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 11th. Stockholders of record on Friday, May 18th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Thursday, May 17th. Chevron’s dividend payout ratio (DPR) is presently 121.08%.

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.

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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