Synovus Financial Corp raised its position in Chevron Co. (NYSE:CVX) by 2.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 195,860 shares of the oil and gas company’s stock after buying an additional 3,885 shares during the period. Synovus Financial Corp’s holdings in Chevron were worth $23,060,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Korea Investment CORP raised its stake in shares of Chevron by 5.1% in the 2nd quarter. Korea Investment CORP now owns 1,476,610 shares of the oil and gas company’s stock valued at $154,055,000 after purchasing an additional 72,173 shares in the last quarter. Numeric Investors LLC raised its stake in shares of Chevron by 158.4% in the 2nd quarter. Numeric Investors LLC now owns 52,200 shares of the oil and gas company’s stock valued at $5,446,000 after purchasing an additional 32,000 shares in the last quarter. Palisade Asset Management LLC raised its stake in shares of Chevron by 20.5% in the 2nd quarter. Palisade Asset Management LLC now owns 109,154 shares of the oil and gas company’s stock valued at $11,388,000 after purchasing an additional 18,541 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Chevron by 24.7% in the 2nd quarter. Toronto Dominion Bank now owns 660,443 shares of the oil and gas company’s stock valued at $68,894,000 after purchasing an additional 130,990 shares in the last quarter. Finally, Perpetual Ltd raised its stake in shares of Chevron by 6.8% in the 2nd quarter. Perpetual Ltd now owns 22,012 shares of the oil and gas company’s stock valued at $2,297,000 after purchasing an additional 1,400 shares in the last quarter. 64.10% of the stock is owned by institutional investors.
A number of equities research analysts have recently issued reports on the stock. Vetr lowered shares of Chevron from a “buy” rating to a “hold” rating and set a $134.35 target price on the stock. in a research note on Thursday, January 11th. HSBC lowered shares of Chevron from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Morgan Stanley upped their target price on shares of Chevron from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Zacks Investment Research lowered shares of Chevron from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $130.00 target price (up previously from $123.00) on shares of Chevron in a research note on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $130.30.
Chevron Co. (NYSE CVX) opened at $110.98 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. The stock has a market cap of $210,790.00, a P/E ratio of 29.36, a PEG ratio of 2.20 and a beta of 1.15. Chevron Co. has a 1-year low of $102.55 and a 1-year high of $133.88.
Chevron (NYSE:CVX) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.54). The company had revenue of $37.62 billion during the quarter, compared to the consensus estimate of $38.43 billion. Chevron had a net margin of 6.49% and a return on equity of 5.23%. The company’s revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the business earned $0.22 earnings per share. analysts anticipate that Chevron Co. will post 6.36 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Friday, February 16th will be issued a $1.12 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This is a boost from Chevron’s previous quarterly dividend of $1.08. This represents a $4.48 annualized dividend and a dividend yield of 4.04%. Chevron’s dividend payout ratio (DPR) is 118.52%.
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Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream.
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